Mortgage industry changes throw new hurdles in borrowers’ way
Fannie Mae and Freddie Mac are tacking on extra fees for many loan applicants, while some lenders are going even further in tightening underwriting rules.
Reporting from Washington — Mortgage rates and house prices are down — which sounds great for buyers and refinancers. But mortgage industry underwriting and appraisal changes taking effect this month are putting new hurdles in the way of borrowers and loan officers.
