Fannie Mae to the Rescue?
In light of recent efforts by Fannie Mae which include re-opening the discussions of the 4-property limit for investor financing (see post: Kenneth Harney on Rethinking Controversial Limits), and the short-sale speed-up pilot in Orlando (see post: Jerry Jackson of the Orlando Sentinel on Fannie Mae Short Sale Pilot ), there may be some hope that this agency is starting to wake up to its power to alleviate the housing market trouble in many markets. If cooler heads prevail at the higher level, we may see an easier time for real estate investor as well as reflief for people who truly need to dispose of properties. Both will be welcome developments during the current environment. Stay tuned.
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