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As long as we're handing out heads-ups, here's one for the morally conflicted mortgage magnate amongst-us.

 

"Fannie Mae has announced that, effective Jan. 30, borrowers must be qualified at "a fully-indexed rate that assumes a fully-amortizing repayment schedule" in order to qualify a loan for purchase by the government-sponsored enterprise."

 

If I were him I'd hoping that the other players in the MBS market have loosened their belts now that Uncle Sugar's lost his appetite for this kind of paper.

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