Tag: elimination of accept plus
Further tightening of credit guidelines
For those of us who have been hoping for the credit markets to show signs of stabilization we can keep on waiting. Freddie Mac announced last week that they would no longer issue or accept underwriting approvals knows as “accept plus” approvals. These approvals, which were mostly earned by borrowers with high credit scores and [...]
Posted: November 3rd, 2008 under Credit Crisis, General Mortgage Info., Mortgage Qualification.
Tags: accept plus, credit tightening, elimination of accept plus, Freddie Mac, stated income
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