The demands of the federal government and consumers are forcing a change in direction of the secondary mortgage market's future. Evidence of course alteration is Fannie Mae's recent initiative to change its underwriting standards to meet goals and create new business in rural areas.

Looking for ways to help meet HUD-set 30/30 goals and, in the process, strengthen its foothold in the rural lending market, Fannie Mae said it is creating new underwriting guidelines and modifying existing ones to help carve a bigger niche in that market.

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