Mortgage blogger, Dan Green, recently blogged about Fannie Mae’s increased downpayment requirements. Why does this matter? Fannie Mae guarantees over a quarter of U.S. home loans. For more details, read Dan’s blog post, “Starting December 13, 2008, Many Mortgage Approvals Will Require Larger Downpayments And More Home Equity“.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
