From the monthly archives:

March 2009

On February 6 Fannie Mae announced
revisions to the Investment Property Guidelines with the hope that this will help in the effort to improve the housing market. Not only do the new guidelines revise the allowance for the number of properties financed, but they also include new reserve requirements for second homes, investment properties and multiple [...]

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Housing Rescue Plan

by on March 13, 2009

in Loan Modification

§ Servicers also must follow an established process to reduce the monthly payment to no more than 31% of the borrowers’ gross monthly income.

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