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Fannie Mae Eases Investor Restrictions

Fannie Mae eases investor purchase restrictions

While the economy seems to be on a slight upward track and the real estate market is leaning in the right direction, there is still lots to be desired. Fannie Mae wants to encourage investment in real estate and they recently revised their restrictions on investor purchasing. Previously, investors were only allowed to hold 4 mortgages at any given point in time. Now Fannie Mae, via their Homepath loan program, will allow investors to hold up to 20 mortgages at one time. This could be huge! I have said for a long time that if the restrictions on investors were eased or lifted, the real estate market, and consequently the overall economy, would recover quicker and with less damage. Will this move be enough? Is it too late to correct our path or to energize the economy? Is this even the right time of year for a move like this? I don't know, but I see this as a huge positive and a step in the right direction to resuming a normal lending environment and correcting the course after an over-correction.

To see REO(real estate owned) listings and more information about this subject, visit my personal blog, my facebook page or my business website.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Tim Montoya September 27, 2012 at 02:58 AM
Just found out today that Wells Fargo will not be adjusting to Fannie Mae's new guidelines. I will update this article with lenders who are adopting these relaxed limits.

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