The Ever Changing Fannie Mae Underwriting Guidelines

Posted @ 3:32 pm - Filed under Financing

Just a heads up for real estate investors. Fannie Mae has again done it’s best to ‘kneecap’ the real estate market. How? By tightening it’s rules for 2 unit loan qualification. Some of the new stuff is relatively innocuous but some is well, plain silly. I’ll be posting more later on, either today or tomorrow. These folks just don’t get it. It’s fine to roll rules back to when underwriting made sane sense, but some of this stuff lately has been been nothin’ short of self sabotage.

Is common sense down the for the count?

This entry was posted on Monday, July 20th, 2009 at 3:32 pm and is filed under Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.