Razor Mortgage LLC

On June 1st Fannie Mae made changes to the way its automated underwriting engine evaluates applicants for mortgages.  Details follow: • As of June 1 Fannie Mae “upgraded” their underwriting engine to version 7.0.  This new version has some major changes including:

The newspapers have been touting the “meltdown” in the mortgage and real estate world which has caused some markets to react even more negatively than they would under the same circumstances without all the neagtive press and television coverage.  The fact remains that many banks did