Comments on: Lender Guideline Changes That Effect All Investors http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/ Learn, Network, Invest Wed, 03 Dec 2008 06:23:58 +0000 http://wordpress.org/?v=2.6.5 By: Mortgage Sarasota http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/#comment-57318 Mortgage Sarasota Mon, 09 Jun 2008 23:41:09 +0000 http://www.biggerpockets.com/renewsblog/?p=1012#comment-57318 These lenders have always had seasoning rules in place, but the rub is that they are lowering their threshold on how many properties you can have financed. The magic number has always been around 20. This is more of the reason why private lending will become more and more common. With the housing market a mess, along with the stock market so volatile, we will start to see more and more private loans with more reasonable rates on investment properties. This lending crunch is going to breed a whole new private lending opporuntiy for those willing to play the game. These lenders have always had seasoning rules in place, but the rub is that they are lowering their threshold on how many properties you can have financed. The magic number has always been around 20.

This is more of the reason why private lending will become more and more common. With the housing market a mess, along with the stock market so volatile, we will start to see more and more private loans with more reasonable rates on investment properties. This lending crunch is going to breed a whole new private lending opporuntiy for those willing to play the game.

]]> By: John Beck http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/#comment-57293 John Beck Mon, 09 Jun 2008 04:13:57 +0000 http://www.biggerpockets.com/renewsblog/?p=1012#comment-57293 No, they can't, because your other home is not collateral to the loan that was foreclosed on.What they can do is get a court order to garnish your wages. No, they can’t, because your other home is not collateral to the loan that was foreclosed on.What they can do is get a court order to garnish your wages.

]]> By: Erion Shehaj http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/#comment-57277 Erion Shehaj Sun, 08 Jun 2008 06:13:19 +0000 http://www.biggerpockets.com/renewsblog/?p=1012#comment-57277 My comments are here: http://www.investornationblog.com/2008/06/freddie-mac-one.html My comments are here:
http://www.investornationblog.com/2008/06/freddie-mac-one.html

]]> By: Martin http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/#comment-57253 Martin Fri, 06 Jun 2008 21:02:11 +0000 http://www.biggerpockets.com/renewsblog/?p=1012#comment-57253 this mean consumer with more than a few properties will have much problems to finance their property homes throght consumer lending and will have to go through commercial lending. It'll be a all new mortgage ball game for them (different lending rules and regulations!). this mean consumer with more than a few properties will have much problems to finance their property homes throght consumer lending and will have to go through commercial lending. It’ll be a all new mortgage ball game for them (different lending rules and regulations!).

]]> By: Mo http://www.biggerpockets.com/renewsblog/2008/06/05/lender-guideline-changes-that-effect-all-investors/#comment-57244 Mo Fri, 06 Jun 2008 16:04:00 +0000 http://www.biggerpockets.com/renewsblog/?p=1012#comment-57244 Very interesting to see the effects of the sub-prime fiasco and all the preventive measures now being put into place in the US to prevent future meltdowns. ON my way to work this morning, there was a report that the Canadian Government is also going to be speaking with banks here to become even more transparent with information on their holdings and investments to prevent any potentially similar issues affecting Canadians an moreso the economy here. Very interesting to see the effects of the sub-prime fiasco and all the preventive measures now being put into place in the US to prevent future meltdowns. ON my way to work this morning, there was a report that the Canadian Government is also going to be speaking with banks here to become even more transparent with information on their holdings and investments to prevent any potentially similar issues affecting Canadians an moreso the economy here.

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