Fannie Mae Reduces Downpayment Requirements

May 16th, 2008

Buyers rejoice! In 2007, Fannie Mae had designated Palm Beach County a “declining market” and since late last year was adding an extra 5% to most down payment requirements in our market area.

Fannie Mae changed that policy today:

Banks slicing home equity lines

April 16th, 2008

In what might turn out to be a domino falling move, some lenders have been freezing or reducing access to existing home equity lines.