Boston Real Estate for Sale

Do you think Fannie Mae’s new guidelines could trigger a double-dip housing recession?

Fannie Mae, the government-backed mortgage giant, announced Friday that it will tighten lending requirements for the interest-only loans and adjustable rate mortgages (ARMs) it backs.

To get a Fannie Mae-backed interest-only mortgage, for example, homebuyers will have to make down payments of 30% of the sale price

Read more on Fannie Mae’s tighnening requirements

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