What can be done about these changes?

Aside from writing letters to your congressman,
there is very little that can be done. Since lenders have few choices but to sell their loans on the secondary market to Fannie Mae and Freddie Mac,
they are stuck following their guidelines for the time being.

If you are considering a purchase or refinance loan and have 4 or more financed properties, we strongly recommend starting the process immediately--ZT.

Due to these guideline changes it is likely that the industry will see an increase in turn times and additional lay-offs by lenders nationwide.

This means that it is possible to see longer underwriting times and stricter conditions.