Freddie Mac Cuts Maximum Number of Financed Properties--ZT

Freddie Mac recently announced guideline changes that will
greatly affect residential real estate investors.

Beginning August 1st, 2008 the following changes will go into
effect:

A borrower may not have more than four financed 1-4 unit
properties, including the subject property.

For cash out refinances the borrower must own the property
for at least six months prior to refinancing.

For a complete update on new Freddie Mac guideline changes go to:
http://www.freddiem ac.com/sell/ guide/bulletins/ pdf/bll042208. pdf.