Helloooooo Fannie Mae, Your looking especially active this week...

Our old friend and sometimes lover, Fannie Mae, has awakened this month from what seemed like a long nap. Or, should I say comma. In addtiona to the previous announcement in reference to relaxed criteria on credit and appraisals for some Fannie Mae refinances starting in April, Fannie is now ready to welcome some of those she shunned the hardest last year; INVESTORS. Fannie, among several other changes comiing to DU 7.1, will be rescinding the very thing that may have been the straw that caused the divorce early last year with those demanding Real Estate Investors; 4 property limits. Yes it is true. For a link to the complete announcement please go to http://www.johntuggle.edicypages.com/blog/article-15 and follow the link. I know it isn't a bright new day yet but it is good to see Fannie getting involved. After all, a lot of the blame for all of this comes from Fannie, so, any effort put forth now would definitely help with the pennance. John