Fannie Mae Does Investor Loans
Ever since the bank/mortgage implosion last year, it has become very difficult for investors to get financing. At first, Fannie Mae set a limit of four mortgages, which meant that investors who had a...
View ArticleFinding Loans for Investment Property
(Be sure to read the Fannie Mae Does Investor Loans post before reading this.) To see how many lenders were willing to make loans on investment property, we called every mortgage lender in a town of...
View ArticleInvestors – FHA Waives 90 Day Hold Rule
Effective February 1, 2010 – FHA will waive their 90 day seasoning rule for a one-year trial period. This is great news for sellers and buyers of investment property in Sacramento! In the past, it was...
View ArticlePrivate Lenders – Loans for Investors
Many real estate investors have given up on buying investment property due to their inability to find financing. In some cases, this is due to tighter credit and income documentation rules (no more...
View ArticleNew Appraisal Rules: Another Gov’t Disaster
Background: Ten-plus years of incompetent and/or nonexistent regulatory oversight of mortgage brokers and lenders resulted in several trillion dollars worth of bad real estate mortgages being sold to...
View ArticleFannie Mae: New Strategic Default Penalty
Strategic defaults have been steadily increasing in the residential housing market, as the stigma from having a foreclosure is lessened by the tidal wave of foreclosures across the country. These...
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