sgip
Well-known member
FNMA released information today ( Lender Letter 2021-08 ) of great impact to non-owner occupied AND second home lending. The Agencies are expected to push back the amount of investment/second home loans they will buy to 7 percent of their portfolio.
http://www.mortgagenewsdaily.com/03112021_loan_underwriting.asp
Some lenders have pulled their non-owner lending products so as to not get caught holding unsellable mortgages. Investment and 2nd home loan rates are expected to run past 5 percent in the coming days for Conforming Conventional loans. More to follow.
https://youtu.be/EKu7TYWNxqA
http://www.mortgagenewsdaily.com/03112021_loan_underwriting.asp
Some lenders have pulled their non-owner lending products so as to not get caught holding unsellable mortgages. Investment and 2nd home loan rates are expected to run past 5 percent in the coming days for Conforming Conventional loans. More to follow.
https://youtu.be/EKu7TYWNxqA