Check out the new Fannie Mae lending rules for investors. It's good for you!
Click here to read all about it.
Basically,
Now investors can hold 5-10 mortgages and still get Fannie Mae backed loans. This apparently will start as of 3/1/2009 and will be announced on Monday 2/9/2009. The reserve and qualifying criteria for the 5-10 loan range will be more stringent, as well as the down payment requirements but this is great news for the investors out there.
Monday, February 9, 2009
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