Dave Kaptain
Jeff Kaptain
Jeff Kaptain
Oct 29th, 2014
In order to allow more buyers to qualify for home loans, Fannie Mae and Freddie Mac have drafted new QRM (qualified residential mortgage) lending standards. Fannie and Freddie backstop nearly all of the loans banks make in the current marketplace, so a change in their guidelines should equate to banks offering more loans to borrowers who did not meet downpayment and/ or credit score requirements over the last couple years.
