What does this mean to the investor?

Under current guidelines for Freddie Mac and Fannie Mae an investor is allowed to have up to 10 financed properties. This change will prevent an investor who
has more than 4 financed properties from obtaining a mortgage with lenders who sell their loans to Freddie Mac.

Currently Freddie Mac and Fannie Mae do not have loan seasoning requirements on investment properties. The second guideline change would affect investors
purchasing properties with hard money loans, lines of credit or cash with the intent of refinancing to pull cash out.

Under the new guideline an investor would have to wait 6 months in order to process a cash out refinance.
Fannie Mae and Freddie Mac are for-profit, privately capitalized government-sponsored enterprises that purchase the majority of conforming loans.

Most all conforming lenders now underwrite strictly to Fannie/Freddie guidelines.

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• 回复：What does this mean to the investor? -id-blocked- ♀ (113 bytes) () 05/23/2008 postreply 10:16:44