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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Conventional Loan for 5th Property Posted by Daniel on April 05, 2009 at 9:54 PM In February 2009 Fannie Mae announced that it would begin to back mortgages of 5-10 properties per investor. That increased from the previous limit set at four. In their announecment they stated that they would begin to back those loans beginning March 1, 2009. Does anybody know of any lender that *currently* offers conventional pricing on a loan to an investor that is above the previous 4 properties limit. Even though that new program went into effect and Fannie backs those investor loans since March 1, I don't know of any lender that actually offers a conventional loan to an investor for the purchase of a 5th non-owner occupied property (Residential 1-4). If you know of any, could you please share that information with me? Thank you very much. Daniel Follow Ups: Flagstar Bank CC in OC 9:50 PM, 04/06/09 (1) Re: Flagstar Bank Daniel 12:00 AM, 04/07/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : In February 2009 Fannie Mae announced that it would begin to : back mortgages of 5-10 properties per investor. That increased : from the previous limit set at four. In their announecment they : stated that they would begin to back those loans beginning March : 1, 2009. : Does anybody know of any lender that *currently* offers : conventional pricing on a loan to an investor that is above the : previous 4 properties limit. Even though that new program went : into effect and Fannie backs those investor loans since March 1, : I don't know of any lender that actually offers a conventional : loan to an investor for the purchase of a 5th non-owner occupied : property (Residential 1-4). : If you know of any, could you please share that information with : me? : Thank you very much. : Daniel [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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