The Investor Insights » fannie mae

Fannie Mae: America’s Biggest Landlord?

lassiter — Fri, 06 Nov 2009 17:16:30 +0000

Fannie Mae is going to let homeowners facing foreclosure rent their homes for up to a year to try to keep a bazillion foreclosures on its books from hitting the market. The new program is for borrowers who don’t qualify for or haven’t been able to get a loan modification, according to Fannie’s news

Looks Like I Picked the Wrong Week to…. Sell a Condo

lassiter — Tue, 02 Jun 2009 22:23:06 +0000

Remember that movie Airplane? It was made in 1980 so I’m totally dating myself but I think it’s hysterical. And one of the funniest recurring bits in the movie is when the air traffic controller played by Lloyd Bridges keeps having to deal with all these problems

HVCC – More BS From Fannie and Freddie

lassiter — Sat, 25 Apr 2009 22:55:06 +0000

The Home Valuation Code Of Conduct (HVCC) goes into effect May 1st. It’s a law that says real estate appraisers should not be “intimidated, coerced or bribed into coming up with a valuation on a property.” (um, we need a law to tell us that?!) Fannie Mae

Can You Afford to Own More Than 4 Rentals?

lassiter — Tue, 14 Apr 2009 15:56:44 +0000

So, last year when Fannie and Freddie freaked out and imposed all the crazy new rules for conventional loans, the biggest slam to us investors was the “maximum of 4 properties financed” rule. Basically it said that the max number of properties we were allowed to have financed using conventional

Cash-Out Refis Play Hard to Get

lassiter — Wed, 18 Mar 2009 22:54:39 +0000

By Jerry Ascierto HousingFinance.com Fannie Mae and Freddie Mac are getting tough on cash-out refinancings for multifamily borrowers. The government-sponsored enterprises (GSEs) are changing the way they underwrite cash-out refis, with Freddie Mac announcing stricter terms in January and Fannie Mae expected to

More Bad News

lassiter — Wed, 17 Sep 2008 23:43:14 +0000

OK, we’ve been trying our best to stay positive in this financial tsunami that we find ourselves in but I think it’s time for Plan B. Max Number of Financed Properties Effective December 1st, Fannie Mae’s maximum number of financed properties allowed when the loan is secured by