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Updated almost 11 years ago on . Most recent reply

Joe Conway's profile image
Joe Conway's profile image
Joe Conway
  • from Rochester, New York
  • Member since Apr 30, 2014
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Joe Conway's profile image
Joe Conway's profile image
Joe Conway
  • from Rochester, New York
  • Member since Apr 30, 2014
Connect
Joe Conway
  • Rochester, NY
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Mortgage Brokers & Lenders

2014 New Mortgage Laws

Joe Conway
  • Rochester, NY
Posted

Hi all,

What impact did the new 2014 mortgage laws have on renting back to the sellers after closing? We are supposed to get our commitment letter today, but the bank (last minute) said fannie mae and Freddie mac no longer allow this rent back because of the new laws?!?! Can someone please explain this?

Thanks

Joe

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