What about Fannie Mae?

Even though Fannie Mae has not given any indication
if they will follow suit and make similar guideline cuts, it is very likely as Fannie Mae is often seen
as the more conservative of the two entities.

Such a change by Fannie Mae would make it impossible for an investor with 4 financed properties to obtain financing for the purchase of additional properties through any lender conforming to Fannie/Freddie guidelines. An investor with five financed properties would not be able to refinance regardless of credit, income, assets or desired loan to value.