Fannie Mae is introducing several new and updated policies that pertain to bankruptcy and foreclosure. To read Fannie Mae's current and new policies for loans related to the time period that must elapse before borrowers can demonstrate they have reestablished an acceptable credit history after the occurrence of the bankruptcy or foreclosure click on the link below. The table also includes new "Additional requirements" that apply to foreclosures.
Fannie Mae Policy ChangeIf you have any questions regarding how these policy changes could affect you, please feel free to contact
Phil Blankstein with
Covenant Mortgage. Thanks to Phil for keeping us updated with the constantly evolving economic policies that effect the housing market and our clients.
At
Vanderhoff Real Estate, we work with a great team of professionals that will help your next real estate transaction go smoothly from start to finish. Give us a call today, and let us know how we can help you!
Labels: bankruptcy, covenant mortgage, fannie mae, foreclosure, policy change, vanderhoff real estate