News Sources wrote an interesting post today on
Here’s a quick excerpt
RISMEDIA, August 14, 2009-This is not your father’s real estate market! Declining home values have brought about the re-pricing of homes across the United States. These declining home values have also made lenders more risk averse, with many mortgage loans being denied because the appraised value of homes is less than the agreed to selling price. Conventional loans, approved by Fannie Mae and Freddie Mac, are requiring higher down payments and demanding higher credit scores and fees to receive

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This entry was posted on Thursday, August 13th, 2009 at 3:30 pm and is filed under Mortgage Loan News.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.