Credit Check and Fannie Mae Loans

By: Mariana Byrd A recent article in The Washington Post (http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071504045.html) talked about how lenders feel regarding the second credit check that is “required” by Fannie Mae before closing. In May of this year lenders received word that Fannie Mae was, as of June 1, 2010, going to require a second credit check right before …

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