New Rules From FNMA-

  Fannie Mae, who either buys or guarantees app. 28% of all of the residential loans , has some good and some bad news . Good for buyers getting part of their down payment as a gift from relatives. The bad news is for those that have gone through foreclosure or who have other revolving debt. Rea...d the NYT article at http://www.nytimes.com/2010/11/21/realestate/21mort.html?_r=2&ref=realestate