Monday, February 9, 2009

Fannie Mae Raises Loan Limits for Investors

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FNMA has announced on their website that the four loan limit has been removed, and, under certain circumstances, will allow an investor to have up to 10 loans. This is great news for investors who are picking up foreclosures and keeping them for rental or selling on lease-to-own.

More info at FNMA's website: https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0902.pdf

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