Kevin Whatley's (kwhatley1) Blog

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Mortgage and Lending - Universal Home Mortgage

ARCHIVED BLOG POSTS

2008 

In an effort to limit risky borrower behavior, Fannie Mae announced a new round of mortgage guideline changes. Unlike its previous 20-plus updates that raised income requirements and minimum credit scores (among other changes), Fannie's latest guideline tweaks focus on the value of its underlyin...
10/30/2008
The Federal Open Market Committee voted to cut the Fed Funds Rate by one-half percent today.  The benchmark rate now stands at 1.000 percent. In its press release, the Fed wasted no time addressing the key issue at-hand, stating that economic activity has "slowed markedly", pointing to three mai...
10/30/2008
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