New Fannie Mae restrictions on investment properties

Member since 2018 · 9 posts · 0 votes

Any thoughts or worries on the new Fannie Mae restrictions for investment and second home properties ? Seems drastic... cutting it in half!

https://www.google.com/amp/s/www.housingwire.com/articles/fannie-mae-tightens-standards-on-investment-properties/amp/

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Diana Villalon
Kailua-Kona, HI · Member since 2018 · 45 posts · 9 votes
5y
Well, yes, rates are much higher after that announcement. And yeah, they are reducing the # of loans per lender to 7% so more shopping will be required and we'll be paying more for those loans.
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