Additional Loan Requirements

Fannie/Freddie/Other Banks Increase Loan Fees and Downpayments!

After anxiously awaiting Obama’s housing stimulus, we find out most lenders are going to increase downpayment requirements, loan points and costs and require a FICO score of over 740 to obtain “premium rates and terms”.

This will have a negative impact on the housing stimulus anticipated by the Administration.


Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca ( along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.