May 3rd, 2017 9:47 AM by MARGARET MICHELLE WILLIAMSON
Mae has moved to help the 44 million Americans that have student loan debt and
want to own homes or use their homes to lower their student loan burden. It’s
no surprise this debt inhibits many borrowers from becoming homeowners, even
though homeownership can be an important step toward building wealth. The new
policies are designed to help borrowers qualify for a home loan and reduce
student debt. The policies are effective immediately and will empower lenders
Though the new guidelines are
"effective immediately" upon the issuance of Fannie Mae's Lender
Letter on April 25, there may a short lag time for pricing changes as the
markets adjust. Source: Fannie Mae -- For more information on these
changes, feel free to contact us.
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