Fannie Mae NO FICO Loan

05/13/2016
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Are you familiar with the Fannie Mae NO FICO loan?  We’d love to have your thoughts on it in the comments below.

Comments

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Comments
  • Yeah! Put ’em on Key Lime Pie Island, or Coconut Cream Cove! That’ll teach ’em!

    Adam Welch May 13, 2016 7:23 am Reply
  • this is the same with homeowners who are still crying I did not understand what I was signing. The new forms still are not easy enough reading for over 80% of the clientele….

    Bernie May 13, 2016 12:41 pm Reply
  • This is all part of the absurd gov’t rules that will lead to another melt down and then the Gov’t can file the loan companies that did the loans by following these guidelines. Notice a revenue collection pattern here? I think it was one of your videos that had something about a person with $44K/month income and a $22K/month alimony payment that could not get a $300K mortgage. Sure that makes sense. But we should keep lending on income (that can disappear tomorrow) and not worry about equity or credit score. Great plan!

    Douglas Greenspan May 13, 2016 12:56 pm Reply

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