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	<title>WelcomeHomeNWI.com &#187; Mortgage Guidelines</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>
	<lastBuildDate>Wed, 08 Feb 2012 21:43:39 +0000</lastBuildDate>
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		<title>Believe It or Not, Banks Start To Loosen Up In Underwriting</title>
		<link>http://welcomehomenwi.com/2012/02/fed-lending-survey-q4-2011.html</link>
		<comments>http://welcomehomenwi.com/2012/02/fed-lending-survey-q4-2011.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 13:45:00 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[FICO]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=6404</guid>
		<description><![CDATA[After a half-decade of tightening mortgage guidelines, banks are starting to "loosen up".]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>How Long Is The Wait to Buy a Home After Derogatory Credit</title>
		<link>http://welcomehomenwi.com/2011/05/how-long-is-the-wait-to-buy-a-home-after-derogatory-credit.html</link>
		<comments>http://welcomehomenwi.com/2011/05/how-long-is-the-wait-to-buy-a-home-after-derogatory-credit.html#comments</comments>
		<pubDate>Thu, 26 May 2011 00:05:19 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FHA Mortgages]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Credit]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=5250</guid>
		<description><![CDATA[With the down turn in the economy over the past several years coupled with high unemployment, many good borrowers have been forced to make difficult decisions on which bills to pay. Generically speaking, paying the mortgage should alwys take number one priority. That is not always feasible unfortunately. For those homeowners who were foreclosed, walked away [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Higher Home Loan Fees from Fannie Mae and Freddie Mac</title>
		<link>http://welcomehomenwi.com/2011/04/higher-home-loan-fees-from-fannie-mae-and-freddie-mac.html</link>
		<comments>http://welcomehomenwi.com/2011/04/higher-home-loan-fees-from-fannie-mae-and-freddie-mac.html#comments</comments>
		<pubDate>Thu, 14 Apr 2011 22:07:27 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=4913</guid>
		<description><![CDATA[Do you have less than 25 percent as a down payment for your next home purchase in Northwest Indiana? Do you need a home loan term longer than fifteen years? Is your FICO credit score less than exceptional? If you answered yes to these questions, you will soon be paying even more to get a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Homeowner Tips for Dealing with Frozen or Reduced HELOC</title>
		<link>http://welcomehomenwi.com/2010/10/homeowner-tips-for-dealing-with-frozen-or-reduced-heloc.html</link>
		<comments>http://welcomehomenwi.com/2010/10/homeowner-tips-for-dealing-with-frozen-or-reduced-heloc.html#comments</comments>
		<pubDate>Fri, 08 Oct 2010 23:16:05 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Helpful Tips]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Quick Tips]]></category>
		<category><![CDATA[Homeowner Tips]]></category>
		<category><![CDATA[Mortgage Terminology]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=3278</guid>
		<description><![CDATA[One result of the credit crunch and the economic recession has been the freezing or reduction of home equity lines of credit (HELOC) by banks. A HELOC is a form of revolving credit in which the borrower&#8217;s home serves as collateral. And while this is not a surprising move by banks looking to be more [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Why Is Your Mortgage Approval Contingent On Form 4506-T</title>
		<link>http://welcomehomenwi.com/2010/07/why-is-your-mortgage-approval-contingent-on-form-4506-t.html</link>
		<comments>http://welcomehomenwi.com/2010/07/why-is-your-mortgage-approval-contingent-on-form-4506-t.html#comments</comments>
		<pubDate>Wed, 28 Jul 2010 20:01:08 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Helpful Tips]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Mortgage Documentation]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=2368</guid>
		<description><![CDATA[If you are in need of a mortgage, there is one document that could stop you in your tracks. It is IRS Form 4506-T. What exactly is Form 4506-T? Form 4506-T, aka. Request for Transcript of Tax Return, allows lending institutions to validate your income by confirming with the Internal Revenue Service (IRS) that you [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Fannie Mae Interest Only Mortgage Guidelines Set to Change</title>
		<link>http://welcomehomenwi.com/2010/06/fannie-mae-interest-only-mortgage-guidelines-set-to-change.html</link>
		<comments>http://welcomehomenwi.com/2010/06/fannie-mae-interest-only-mortgage-guidelines-set-to-change.html#comments</comments>
		<pubDate>Wed, 16 Jun 2010 12:54:53 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Interest Only Mortgage]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=2162</guid>
		<description><![CDATA[If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Starting next week, Fannie Mae is clamping down on the popular loan product.]]></description>
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		<slash:comments>1</slash:comments>
		</item>
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		<title>Borrowers Beware &#8211; Fannie Mae Tightens the Vice Again!</title>
		<link>http://welcomehomenwi.com/2010/06/borrowers-beware-fannie-mae-tightens-the-vice-again.html</link>
		<comments>http://welcomehomenwi.com/2010/06/borrowers-beware-fannie-mae-tightens-the-vice-again.html#comments</comments>
		<pubDate>Tue, 08 Jun 2010 12:57:22 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Market Insight]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Credit Repull]]></category>
		<category><![CDATA[Credit Score]]></category>
		<category><![CDATA[Fannie Mae]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=2127</guid>
		<description><![CDATA[A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Right Way To Receive A Cash Gift For Downpayment</title>
		<link>http://welcomehomenwi.com/2010/05/the-right-way-to-receive-a-cash-gift-for-downpayment.html</link>
		<comments>http://welcomehomenwi.com/2010/05/the-right-way-to-receive-a-cash-gift-for-downpayment.html#comments</comments>
		<pubDate>Tue, 18 May 2010 13:04:18 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Random Thoughts]]></category>
		<category><![CDATA[Cash Gifts]]></category>
		<category><![CDATA[Down Payment]]></category>
		<category><![CDATA[Downpayment]]></category>
		<category><![CDATA[Gift Letter]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=2010</guid>
		<description><![CDATA[As lenders tighten mortgage guidelines, minimum downpayment requirements are increasing. It's leading to an increase in the number of buyers accepting cash gifts from family. There's a right and wrong way to accept a gift.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Your Mortgage Approval Isn&#8217;t Final Until It&#8217;s Funded</title>
		<link>http://welcomehomenwi.com/2010/05/your-mortgage-approval-isnt-final-until-its-funded.html</link>
		<comments>http://welcomehomenwi.com/2010/05/your-mortgage-approval-isnt-final-until-its-funded.html#comments</comments>
		<pubDate>Fri, 14 May 2010 13:02:21 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Market Insight]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Mortgage]]></category>
		<category><![CDATA[MSN Money]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=2002</guid>
		<description><![CDATA[A mortgage approval is never final until it's funded. A host of things can "go wrong" while your home loan is underway. Some are in your control, many more are not.  And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.]]></description>
		<wfw:commentRss>http://welcomehomenwi.com/2010/05/your-mortgage-approval-isnt-final-until-its-funded.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Oops! Fannie Mae Did It Again &#8211; Set to Tighten Guidelines</title>
		<link>http://welcomehomenwi.com/2010/05/oops-fannie-mae-did-it-again-set-to-tighten-guidelines.html</link>
		<comments>http://welcomehomenwi.com/2010/05/oops-fannie-mae-did-it-again-set-to-tighten-guidelines.html#comments</comments>
		<pubDate>Tue, 04 May 2010 13:00:28 +0000</pubDate>
		<dc:creator>James K Barath, CMPS</dc:creator>
				<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Lending Guidelines]]></category>
		<category><![CDATA[Mortgage Guidelines]]></category>
		<category><![CDATA[Interest Only]]></category>

		<guid isPermaLink="false">http://welcomehomenwi.com/?p=1943</guid>
		<description><![CDATA[For the first time this year, Fannie Mae announced significant updates to its mortgage underwriting guidelines. The changes include newer, harsher ARM qualification standards, the elimination of a once-popular loan product, and tighter rules for interest only mortgages.  ]]></description>
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