redlining

Fannie has not released its list of zip codes that will be slated for systematic disinvestment. However, GMAC has taken a step to give its brokers the ability to see if their borrowers will need extra downpayments.

Fannie Mae plans to change how it buys mortgages beginning June 1st. The new policy, known as the declining markets rule, requires higher down payments in communities where homes have lost value. This is redlining.