In a fabulous move, Fannie Mae has made a change in investor guidelines. Fannie Mae will now allow an investor to have 10 loans (the previous limit was 4). That will help for those folks that can afford to buy some of the properties they recognize as a good investments and understand the long term value of real estate ownership.
These are the type of common sense changes that need to be made. Restrictions on qualified & competant Buyers is not a solution to clearing up our housing inventory. The new policy goes into effect March 1, 2009. Good news!
