mark ray's (markray) Blog

Well Fannie Mae has come out with some make sense guidelines. finally.  they are offering investor now to handle upto 10 properties, (previously only 4).  The big news is on their REO properties,  they will finance 97%, no mi, and no appraisal. relaxed credit qualifying, and investors can get 90%...

Hi Everyone,   Im very excited about the new guidelines coming out of Fannie Mae today.  Wow, now investors can own more than 4 mortgages, upto 10 infact.  That is really going to help.  Now for First timers, well for everyone.  If you are going to buy a fannie mae reo,  they will allow 3% down, ...