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If you’re interested in a mortgage, these types of alter to Fannie Mae’s laws could help you.

Fannie Mae is a government-sponsored organization that rose out of the ashes of the Great Depression with a mandate to help low- to moderate-income borrowers find a mortgage . While that basic mandate hasn’t changed, Fannie Mae made some significant updates in 2017 to its rules and guidelines.

step 1. Loan restrictions have remaining right up (finally)

For the first time as 2006, Federal national mortgage association increased their standard mortgage limitation. Více