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A6 Loans in Texas and the new Housing Finance Rules.

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PaddyDuck Guest	Posted: Thu Mar 19, 2009 10:25 am    Post subject: A6 Loans in Texas and the new Housing Finance Rules. Like 0 Dislike 0 I am looking for the written rules about refinancing an A6 loan in Texas and the new Housing Law. The value of my house has dropped and the lending institution is sticking with the 80% rule. However, according to the new housing law if the home is financed using Fannie Mae or Freddie Mac the lending institution should be able to go to 115% of the value of the home. The lending institution is telling me that the Texas law prevails and they are stuck at the 80% level. Does anyone know what is right?
adonis Joined: 22 Oct 2005 Posts: 10569 Location: ALASKA 1090.22 Dollars($)	Posted: Thu Mar 19, 2009 11:22 pm    Post subject: Like 0 Dislike 0 A query similar to yours has been answered in the given link: http://www.mortgagefit.com/texas/a6-newlaw.html#83432 Please take a look. I hope it will help you.

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