More on Yesterday's Comment

Just a few hours after noting the loss of potential buyers in our market, Fannie Mae, the government loan insurer, raised the bar on which loans it will insure:

• It will no longer buy loans made to borrows with credit scores below 580.

• It will no longer buy mortgages made to borrowers who have lost a home due to foreclosure in the past 5 years. The previous limit was 4 years.