So Government mortgage giant Fannie Mae has just announced some interesting new mortgage underwriting guidelines in an April 14th bulletin to lenders. And among them is a tasty little tidbit that changes things for a certain slice of troubled mortgage borrowers — a time-frame change the investment community would do well to have on our [...]

Heading into the weekend I just want to pass along an article I read today that, frankly, really challenged me. It’s from short sale guy Josh Cantwell sharing his thoughts on the Fannie/Freddie Mac seizure doubtless everyone in the free world should be keenly aware of by now. Now I should clarify, he didn’t ask [...]

So Uncle Sam just ate cousins Fannie and Freddie.
With that, the we enter a new and uncharted phase of the mortgage crisis, potentially saddling American taxpayers with billions of dollars in losses from home loans made by the private sector.

Here’s a spattering of articles I’ve stumbled upon this week, and found interesting, relevant and shareworthy… “Bulk REO Properties – Is the ‘bulk’ REO deal a myth?” (The REI Brain, 7/16/08) “I have been seeing all kinds of people saying lately that they are “bulk reo property” buyers. Then they go on to say that [...]

I first heard about all the fuss with Fannie Mae and Freddie Mac on Sunday while at Shaun McCloskey’s short sale bootcamp. Someone had mentioned it, after catching a glimpes of the news on a break. Now that I’m back in town I’ve done a little reading up on what’s going on. Veeeeery interesting.  It’s [...]

In case you missed it, a couple weeks back Freddie Mac announced guideline changes that will dramatically affect many residential real estate investors. As of August 1st, 2008 the following changes will officially go into effect: A borrower may not have more than four financed 1-4 unit properties (including the subject property); For cash out [...]