The Ever Changing Fannie Mae Underwriting Guidelines

Just a heads up for real estate investors. Fannie Mae has again done it’s best to ‘kneecap’ the real estate market. How? By tightening it’s rules for 2 unit loan qualification. Some of the new stuff is relatively innocuous but some is well, plain silly. I’ll be posting more later on, either today or tomorrow. These folks just don’t get it. It’s fine to roll rules back to when underwriting made sane sense, but some of this stuff lately has been been nothin’ short of self sabotage.

Is common sense down the for the count?

Related posts:

1. A Quick Note — Fannie Mae Increases Investor Loan Limits From 4 To 10 Properties
2. The Man Of Her Dreams — Changing Plans — A Natural High