Calculating Fannie Mae Reserves
Hi guys,
Can someone tell me what the % of reserves Fannie Mae requires for 9 properties? I know the first couple are at 2%, the next three are 4%, and 6-10 are 6%. My question is.....once you hit #6, are you required to show 6% reserves for ALL the properties, or still only on #6-10?
Thanks for clarifying!