Here is some great information about the new lending guidelines provided by my friends Laura Franceschi and Ellie Lundy at Fidelity National Title. It is still up in the air as to what effect this will have on real transactions. I suspect it will make it harder to negotiate a new price or a credit once the transaction is moving forward since a new disclosure would need to be sent once it is renegotiated. That will take more time, which may not be allowed for in the contract. The document below is to make it easy to understand, but do not hesitate to call us if you have further questions.