Fannie Mae Opens the Floodgates: What's Your Opinion?

[Ron H.]

What has me wondering if I'm seeing straight is the article linked below describing a radical easing of credit standards.  Fannie Mae has unveiled a new program that allows previously excluded sources of income.  I was especially surprised to see that non-borrower household members could be included in the new debt to income calculation!!!

Here in Orange County, this could lower the barrier to entry for a lot of people.  Depending on your RE investing strategy, this could be WONDERFUL or HORRIBLE news.  Please weigh in and share your opinion as I think many BPers would find it interesting.

http://www.moneytalksnews.com/fannie-mae-rules-put...