Fannie Mae Looks to Ease Guidelines for Investors

Recently, people who owned multiple properties were only able to obtain financing on 4 indivudual properties at a time based on current underwriting guidelines.

Fannie Mae is now looking at changing those guidelines to accomodate individuals that own o refinance 5 to 10 properties.

Qualifications are based on certain eligibility and underwriting requirements.

(Information provided by Frank Sommese of American Bank and Trust. Contact information:312-388-2176)