Daily Archives: August 28, 2009

The New Conforming Mortgage Guidelines, Effective September 1, 2009

As a reminder, Fannie Mae is rolling out new lending guidelines Tuesday, September 1, 2009. Starting next week, being approved for a home loan could be much more difficult. The new rules mark the first major underwriting update since April of this year.  The changes are mostly geared at fraud prevention. Among the updates: Stock options… Continue Reading