Number of Fannie Mae Loans
How many Fannie Mae backed loans can you have? I got a call last week from a local bank who holds some of my mortgages and they said they could now do up to 20 Fannie Mae backed loans on fixed notes. The only restrictions were the loans could not be to an LLC and that loans 1-10 could be for any properties and loan 11-20 had to be for Fannie Mae or Fredie Mac foreclosure properties. Has anybody else heard this?