By Anita Clinton In the midst of the mortgage meltdown, Fannie Mae changed it guidelines limiting investors to a maximum of four mortgages. This limitation affected many investors’ ability to secure financing with reasonable pricing. However, it seems that Fannie Mae has had a change of heart. Effective March 1, 2009, the four mortgage limited [...]
Fannie Mae Increases Number of Mortgages: Real Estate Investors are Back in the Game
February 24, 2009 By Leave a Comment
By Marla Barch, CMPS, America’s Mortgage Choice 773.617.2424 Chicago, IL – Fannie Mae, the mortgage giant currently under government control, has made a major change to their qualification guidelines, allowing real estate investors to get back into the game. A residential real estate purchaser can now qualify for up to ten (10) residential mortgages under [...]
