Economy - Economics USA

Here Comes Fannie Mae's Instant Underwater Mortgage----3% Down, No Cash Needed

11-03-2015 • by Anthony B. Sanders

Fannie Mae, the Washington DC mortgage giant, has announced their latest program: HomeReady. According to Fannie Mae, "HomeReady is designed for creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in desig