The Investor Insights

Just heard that Bank of America is no longer doing refinances for investors.  I haven’t had time to investigate but I got the scoop from a very reliable source. So, if you’re planning to or have a refinance in with BofA, you may want to move to plan B. More details as they become available…

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 tighten up in the coming days. A cash-out refinancing—when a property is [...]

Every month I get literally hundreds of emails from investors all over the country asking for my advice on their investment strategies, deals and problems they’ve encountered. Many of these investors have outdated strategies that don’t work anymore, unrealistic expectations or worse, they are so entrenched in doing something the way they’ve always done it [...]