{"id":196041,"date":"2008-05-27T23:32:00","date_gmt":"2008-05-28T04:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/27\/gses-eliminate-declining-market-category\/"},"modified":"2008-05-27T23:32:00","modified_gmt":"2008-05-28T04:32:00","slug":"gses-eliminate-declining-market-category","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/27\/gses-eliminate-declining-market-category\/","title":{"rendered":"GSE&#8217;s Eliminate Declining Market Category"},"content":{"rendered":"<p>Previously, Fannie Mae and Freddy Mac required larger down payments (5% vs 3%) for areas that they designated &#8220;declining markets&#8221;, but they are <a href=\"http:\/\/www.signonsandiego.com\/uniontrib\/20080525\/news_1h25harney.html\">dropping this classification<\/a>, claiming that their improves underwriting systems make it unnecessary.<\/p>\n<p>As a cynic, my guess what really happened is that they&#8217;ve discovered that most of the US is now a &#8220;declining market&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Previously, Fannie Mae and Freddy Mac required larger down payments (5% vs 3%) for areas that they designated &#8220;declining markets&#8221;, but they are dropping this classification, claiming that their improves underwriting systems make it unnecessary. As a cynic, my guess what really happened is that they&#8217;ve discovered that most of the US is now a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,1088],"tags":[],"class_list":["post-196041","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196041"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196041"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}