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	<title>WelcomeHomeNWI.com &#187; Guideline Change</title>
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	<link>http://welcomehomenwi.com</link>
	<description>Your Home for Real Estate and Mortgage News for the Best Home Communities in Northwest Indiana</description>
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		<title>The Real Deal Behind the New FHA Guidelines</title>
		<link>http://welcomehomenwi.com/2010/02/the-real-deal-behind-the-new-fha-guidelines.html</link>
		<comments>http://welcomehomenwi.com/2010/02/the-real-deal-behind-the-new-fha-guidelines.html#comments</comments>
		<pubDate>Wed, 10 Feb 2010 16:57:22 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Market Insight]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[FHA Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1616</guid>
		<description><![CDATA[The mortgage lending landscape in Northwest Indiana changes a lot just like the weather.  Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers that aren&#8217;t paying in cash. The loan you get today won&#8217;t always be the loan you get tomorrow. Because of how frequently bank rules are changing, it [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is That A Mortgage Approval Or Just An Illusion</title>
		<link>http://welcomehomenwi.com/2010/02/is-that-a-mortgage-approval-or-just-an-illusion.html</link>
		<comments>http://welcomehomenwi.com/2010/02/is-that-a-mortgage-approval-or-just-an-illusion.html#comments</comments>
		<pubDate>Tue, 09 Feb 2010 16:09:42 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Market Insight]]></category>
		<category><![CDATA[FHA Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1610</guid>
		<description><![CDATA[The economy&#8217;s improving but lending standards are not. Nationally and in Northwest Indiana, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening. The data comes from the Federal Reserve&#8217;s quarterly survey to its member banks.  The Fed asks senior bank loan officers around the country to report on &#8220;prime&#8221; residential mortgage [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fannie Mae Gets Tough(er) On Borrowers. Again.</title>
		<link>http://welcomehomenwi.com/2009/12/fannie-mae-gets-tougher-on-borrowers-again.html</link>
		<comments>http://welcomehomenwi.com/2009/12/fannie-mae-gets-tougher-on-borrowers-again.html#comments</comments>
		<pubDate>Wed, 16 Dec 2009 17:22:10 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1284</guid>
		<description><![CDATA[Fannie Mae raised the bar for mortgage applicants this past weekend.  Getting approved for a home loan just got harder. In its official announcement, Fannie Mae says the updates minimize long-term lending risks.  If that&#8217;s the case, this won&#8217;t be the last guideline change Fannie Mae makes &#8211; especially with loans defaulting at an above-normal [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/12/fannie-mae-gets-tougher-on-borrowers-again.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Banks Raise Mortgage Qualification Standards</title>
		<link>http://welcomehomenwi.com/2009/11/banks-raise-mortgage-qualification-standards.html</link>
		<comments>http://welcomehomenwi.com/2009/11/banks-raise-mortgage-qualification-standards.html#comments</comments>
		<pubDate>Thu, 12 Nov 2009 20:22:47 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>
		<category><![CDATA[Mortgage Industry]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1162</guid>
		<description><![CDATA[Despite the economy&#8217;s improvement and prodding from Congress, banks don&#8217;t seem ready to open their purse strings just yet. Nationally, mortgage approval standards are tightening. The data comes from a quarterly survey the Federal Reserve sends to its member banks.  The Fed asks senior bank loan officers around the country whether &#8220;prime&#8221; residential mortgage guidelines [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>5 Days Left for an FHA Streamline Refinance</title>
		<link>http://welcomehomenwi.com/2009/11/5-days-left-for-an-fha-streamline-refinance.html</link>
		<comments>http://welcomehomenwi.com/2009/11/5-days-left-for-an-fha-streamline-refinance.html#comments</comments>
		<pubDate>Tue, 10 Nov 2009 17:02:33 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Market Insight]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1153</guid>
		<description><![CDATA[Consider this a last call for FHA Streamline Refinances.  Starting next Tuesday, the popular rate-lowering program gets strict on borrowers. There&#8217;s 5 days left. Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements. FICO scores must be 620 or higher The refinance must provide a &#8220;tangible benefit&#8221; No mortgage lates allowed [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Good or Bad &#8211; The New Good Faith Estimate</title>
		<link>http://welcomehomenwi.com/2009/10/good-or-bad-the-new-good-faith-estimate.html</link>
		<comments>http://welcomehomenwi.com/2009/10/good-or-bad-the-new-good-faith-estimate.html#comments</comments>
		<pubDate>Tue, 20 Oct 2009 15:23:05 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Helpful Tips]]></category>
		<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Good Faith Estimate]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1073</guid>
		<description><![CDATA[The new Good Faith Estimate makes its debut January 1, 2010. Expanded from 1 page to 3 pages, the legislators responsible for the new Good Faith Estimate want it to be simpler for homeowners and home buyers to understand than the former version. By most accounts, Congress will meet this goal.  The new Good Faith Estimate [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/10/good-or-bad-the-new-good-faith-estimate.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The FHA Is Changing Its Streamline Refinance Guidelines November 2009</title>
		<link>http://welcomehomenwi.com/2009/10/the-fha-is-changing-its-streamline-refinance-guidelines-november-2009.html</link>
		<comments>http://welcomehomenwi.com/2009/10/the-fha-is-changing-its-streamline-refinance-guidelines-november-2009.html#comments</comments>
		<pubDate>Wed, 07 Oct 2009 16:39:26 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1040</guid>
		<description><![CDATA[Beginning November 17, 2009, the FHA will make it harder to qualify for its popular Streamline Refinance program. Available exclusively to homeowners with existing FHA home loans, the streamline program is meant to help homeowners reduce mortgage payments as simply as possible. As such, the program carries minimum eligibility requirements. In fact, the FHA Streamline Refinance is [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/10/the-fha-is-changing-its-streamline-refinance-guidelines-november-2009.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fannie Mae Passes New, Tougher Mortgage Guidelines</title>
		<link>http://welcomehomenwi.com/2009/09/fannie-mae-passes-new-tougher-mortgage-guidelines.html</link>
		<comments>http://welcomehomenwi.com/2009/09/fannie-mae-passes-new-tougher-mortgage-guidelines.html#comments</comments>
		<pubDate>Tue, 29 Sep 2009 15:40:19 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1020</guid>
		<description><![CDATA[Getting approved for a mortgage is about to get harder.  For the second time in less than 3 months, Fannie Mae announced changes to its mortgage guidelines.  In its official announcement, Fannie Mae details the updates, meant to reduce the mortgage firm&#8217;s overall risk. The first major change is with respect to credit scoring.  All Fannie Mae [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/09/fannie-mae-passes-new-tougher-mortgage-guidelines.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Home Buyers Need to Qualify Again on Sept 1st</title>
		<link>http://welcomehomenwi.com/2009/08/home-buyers-need-to-qualify-again-on-sept-1st.html</link>
		<comments>http://welcomehomenwi.com/2009/08/home-buyers-need-to-qualify-again-on-sept-1st.html#comments</comments>
		<pubDate>Fri, 28 Aug 2009 16:00:55 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=922</guid>
		<description><![CDATA[As a reminder, Fannie Mae is rolling out new lending guidelines Tuesday, September 1, 2009.  Starting next week, being approved for a home loan could be much more difficult. The new rules mark the first major underwriting update since April of this year.  The changes are mostly geared at fraud prevention. Among the updates: Stock options [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/08/home-buyers-need-to-qualify-again-on-sept-1st.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fannie Mae Restricts 2-Unit Borrowing</title>
		<link>http://welcomehomenwi.com/2009/07/fannie-mae-restricts-2-unit-borrowing.html</link>
		<comments>http://welcomehomenwi.com/2009/07/fannie-mae-restricts-2-unit-borrowing.html#comments</comments>
		<pubDate>Wed, 08 Jul 2009 15:04:20 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=400</guid>
		<description><![CDATA[For the first time in nearly six months, Fannie Mae is imposing strict, new guidelines on American homeowners.  This time, the hardest hit demographic is owners of 2-unit homes. In its official announcement, Fannie Mae listed the following changes to its 2-unit financing programs, separated by occupancy type. Primary Residence Purchase: Maximum loan-to-value drops to 80%; FICO minimums reset [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/07/fannie-mae-restricts-2-unit-borrowing.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Lending Starts To Show Signs Of A Thaw</title>
		<link>http://welcomehomenwi.com/2009/05/mortgage-lending-starts-to-show-signs-of-a-thaw.html</link>
		<comments>http://welcomehomenwi.com/2009/05/mortgage-lending-starts-to-show-signs-of-a-thaw.html#comments</comments>
		<pubDate>Fri, 15 May 2009 15:38:00 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Guideline Change]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/http:/welcomehomenwi.com/</guid>
		<description><![CDATA[Getting approved for a home loan isn&#8217;t getting easier, but it doesn&#8217;t appear to be getting much more difficult, either. In its quarterly survey to member banks, the Federal Reserve asked senior bank loan officers whether &#8220;prime&#8221; residential mortgage guidelines had tightened in the last 3 months. Nearly 50 percent of banks said guidelines tightened [...]]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2009/05/mortgage-lending-starts-to-show-signs-of-a-thaw.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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