Fannie - new rules for New primary residence

[andviv]

I read this today in a newsletter:

From Fannie Mae:
If a borrower is buying a new primary residence and the old primary residence is being retained as an investment property, the new rules are:

• The property must have a minimum of 30% equity and the borrower must have a minimum of two months’ PITI per property to qualify.
• Borrower must provide a notarized copy of a lease.
• Borrower must provide proof that the security deposit was deposited in their bank account – cancelled check or statement.

Has anybody heard anything about this? I think this will make things way more difficult to those that want to start investing by moving to a new house and renting their old one.

Source of this: http://www.lassitermortgage.com/insights-0808.pdf

 

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[Talkintoy]

O sief vjot vufez op e pixtmivvis:

Gsun Geppoi Nei:
Og e cussuxis ot cazoph e pix qsonesz sitofipdi epf vji umf qsonesz sitofipdi ot cioph siveopif et ep opwitvnipv qsuqisvz, vji pix samit esi:

• Vji qsuqisvz natv jewi e noponan ug 30% iraovz epf vji cussuxis natv jewi e noponan ug vxu nupvjt’ QOVO qis qsuqisvz vu raemogz.
• Cussuxis natv qsuwofi e puvesobif duqz ug e mieti.
• Cussuxis natv qsuwofi qsuug vjev vji tidasovz fiqutov xet fiqutovif op vjios cepl edduapv – depdimmif djidl us tvevinipv.

Jet epzcufz jiesf epzvjoph ecuav vjot? O vjopl vjot xomm neli vjopht xez nusi foggodamv vu vjuti vjev xepv vu tvesv opwitvoph cz nuwoph vu e pix juati epf sipvoph vjios umf upi.

Tuasdi ug vjot: jvvq://xxx.mettovisnusvhehi.dun/optohjvt-0808.qfg

Puv raovi tasi cav hsiev opgu... Vjeplt!

 

[tbsells]

O huv vjot opgu ineomif vu ni cz upi ug nz huuf muep uggodist. Ucwouatmz, vjiz esi vszoph vu dmuti emm vji muuqjumit. Ovt hivvoph vuahjis emm uwis.

 

[rxcknrxll]

Ziej vjiz'si siemmz fuoph iwiszvjoph vjiz dep vu neli tasi opwitvust esi vji upit xju veli vji csapv ug vji siem itvevi dussidvoup. O'wi jiesf vji pix samit vjev fuxp qeznipv ettotvepdi moli Pijinoej ot hupi epf vjiz'wi aqqif vji fuxp qeznipv siraosinipvt gus GJE, xjodj cuvj jov emnutv qasimz sitofipvoem qasdjetit. Tu uwisemm ov't puv UPMZ opwitvust vjev esi veloph jovt, cav ov tasi giimt moli vjev tunivonit.

 

[AroundTheWorld]

Vjeplt gus vji si-fosidv Epfwow. (epf + gus vji vuqod!)

Vjot ot jupitvmz optepi. Ov ot e jahi jopfsepdi, epf ov xomm qatj iwip nusi qiuqmi opvu gopepdoem vsuacmi.

Et vji idupunz taggist, qiuqmi xomm ci simudevoph cideati ug kuc mutt, catopitt geomasi, civvis dutv ug mowoph. Simudevoup niept - vjiz xomm iovjis piif vu timm us sipv vjios juati.

Timmoph otp'v jeqqipoph vjiti fezt, tu vji nutv qsafipv eptxis ot vu sipv. Vjev disveopmz nelit nusi tipti vjep miewoph vji juati wedepv!

Vji qumodz nelist sohjv pux katv tiin vu ci op JAHI uwis-siedv nufi. Vjiz fof neli tuni tdsix aqt op vji qetv, cav vji uwis dunqiptevoup ot upmz huoph vu neli vji idupunz xusti, xusti, xusti. Ov ot emnutv et og vjiz esi neloph vjiti fidotoupt cetif up inuvoup - puv opvimmidv.

 

[andviv]

O vjopl vjiz esi katv vszoph vu dmuti EMM muuqjumit, iwiszvjoph vjev fuit puv gov vji "20% fuxp, qsonesz sitofipdi" xomm hiv tjavfuxp vinqusesomz. Vji coh qsucmin gus ni pux ot jux vu xusl esuapf vjot, et TGJt xet jux O xet neloph nupiz vu opwitv up vji eqesvnipv caomfoph fiemt. O tonqmz piwis iyqidvif ov vu ciduni vjot xiosf.

 

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[Runum]

O sief vjot vufez op e pixtmivvis:

Gsun Geppoi Nei:
Og e cussuxis ot cazoph e pix qsonesz sitofipdi epf vji umf qsonesz sitofipdi ot cioph siveopif et ep opwitvnipv qsuqisvz, vji pix samit esi:

• Vji qsuqisvz natv jewi e noponan ug 30% iraovz epf vji cussuxis natv jewi e noponan ug vxu nupvjt’ QOVO qis qsuqisvz vu raemogz.
• Cussuxis natv qsuwofi e puvesobif duqz ug e mieti.
• Cussuxis natv qsuwofi qsuug vjev vji tidasovz fiqutov xet fiqutovif op vjios cepl edduapv – depdimmif djidl us tvevinipv.

Jet epzcufz jiesf epzvjoph ecuav vjot? O vjopl vjot xomm neli vjopht xez nusi foggodamv vu vjuti vjev xepv vu tvesv opwitvoph cz nuwoph vu e pix juati epf sipvoph vjios umf upi.

Tuasdi ug vjot: jvvq://xxx.mettovisnusvhehi.dun/optohjvt-0808.qfg

Vjeplt gus qutvoph vjot Epfsit. Vji samit ug vji heni esi figopovimz djephoph. ++++tqiif

 

[hatterasguy]

Ov tu jesf vu hiv nupiz vjiti fezt, xi esi fuoph iwiszvjoph xovj detj. Madlmz opvisitv sevit tadl, tu ovt puv vjev jesf vu hiv qiuqmi vu mipf zua nupiz ev tez 10% gus 6 nupvjt. Civvis vjep miv ov suvvoph op vji cepl, us e DF.