Friday, October 10, 2008

Adverse market fees for real estate investors

If you've seen a single-family home or rental property of 1-4 units you want to buy as an investment in the next few months, here's a reason to lock it up sooner rather than later: Adverse Market Fees.

Fannie Mae and Freddie Mac are both jacking up their adverse market fees -- so you can expect those fees to be tacked on to many loans that sell to the GSEs. Freddie Mac's increase goes up Nov. 7th, Fannie Mae Dec. 1st.

Here's a good article explaining it: http://realtytimes.com/rtpages/20081010_investorreport.htm

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