GOOD NEWS: Fannie and Freddie May Soon Ease Mortgage Credit

In a move that will surely be appealing to new homeowners, new FHFA head Mel Watt announced that mortgage giants Fannie Mae and Freddie Mac may soon ease the standards to getting a mortgage loan.

Now, new borrowers can miss up to two payments throughout the first three years after taking out a mortgage, and not receive a repurchase demand, this also applies if your primary mortgage insurance is rescinded, according to Inman News.

Source: Inman News