According to an article in the RealtyTimes James Lockhart, who runs the agency that oversees FNMA and Freddie, says “there’s been some “re-thinking” underway on the controversial limits on the numbers of rental properties investors can own if they’re seeking new financing.”
and "In a letter to Charles McMillan, president of the National Association of Realtors, Lockhart said, “While no final decisions have been made, I can share with you the fact that the issue of raising the selling guide ceiling on investors loans is under active consideration at one of the (corporations), and reflects an appreciation of the role for investors in the housing recovery.”
lastly, “Lockhart offered no timetables for either of these key potential policy improvements, but investors may well see one or both changes within weeks.”
YEEE HAW as they say here in Texas.
Wow, this is the news I have been looking for! FNMA or Freddie (not sure which) is re-thiniking the 4 property limit. We may be back in business boys and girls. Although portfolio loans are an alternative FNMA loans are easily the way to go. Longer terms, lower interest rates, easier qualification, etc.
Here is the link. I have heard rumors, but this is proof that the limit may be raised very soon.