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
Friday, October 10, 2008
Adverse market fees for real estate investors
Subscribe to:
Post Comments (Atom)








0 comments:
Post a Comment