Bay Equity announced the launch of the "Bay Direct" program, which gives borrowers additional loan options and flexibility on loans that meet Fannie Mae criteria but aren't eligible according to other standard conforming and high balance guidelines. Under the Bay Direct program, Bay Equity offers financed mortgage insurance, investment properties up to 85 percent loan-to-value, condo projects with litigation, geodesic homes, approved leaseholds, and delayed financing options. "Bay Direct offers the broadest guidelines possible," said Bay Equity Director of Corporate Operations Julie Taylor. "With the introduction of this product we are continuing to leverage our direct agency approvals." Bay Equity is a direct seller with full agency approval by Fannie Mae, Freddie Mac, and Ginnie Mae. Other Bay Equity agency-direct products include DU Refi Plus, Open Access and LP.