Mortgage Blog

Fannie Mae tightens on investment properties and second homes
March 12th, 2021 12:48 PM

Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the government sponsored entity said in a letter to sellers on Wednesday.

“Recent amendments to our senior preferred stock purchase agreement with Treasury impose additional risk criteria on the loans we acquire,” the GSE said in a letter. “One of those restrictions is a 7% limit on our acquisition of single-family mortgage loans secured by second home and investment properties.”

Please call or email me if you have any questions regarding the 2nd home & Rental purchase/Refinance.



Posted by Eric Fang on March 12th, 2021 12:48 PMPost a Comment

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