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Personal Finances / Buying or Selling a Home


Subject:  Re: Not Qualified Date:  11/25/2013  6:16 PM
Author:  inparadise Number:  126560 of 128370

Sorry, should have read your link first to answer my question. Looks like one branch of the gov't doesn't know what the other allows. What a surprise.

For example, Fannie Mae lets lenders essentially annuitize the retirement fund assets of applicants over 59 1/2, turning them into the equivalent of income sources for prospective refinancers. Freddie Mac approves loans under similar guidelines.

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