Industry NewsMortgage

Fannie Mae rescinds 4-property limit for investors

From The Mortgage Reports blog
Published on Feb 17, 2009

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by CareyBot

If you turn down Pandora and listen closely, you can hear real estate investors in Chicago cheering all the way from Cincinnati.

Read the Fannie Mae official announcement -- you get the sense that the nationalized group is getting with the program. This excerpt comes from the lead paragraph: "Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery."

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