Dealing with Fannie Mae 2016

[Brien OConnor]

We've purchased one home as an investment so far.  But now, I have placed an offer on another home in Central TX owned by Fannie Mae.  I've read some posts from other who have dealt with FM but they were 3+ years ago.  Can anyone give me updates on:

1.  I offered 20% less than listed.  But they recently came down $14K.  Is this too low?

2.  We provided a $1,000 EM deposit.  I've read that they require 10% - but again that was 3 years ago.

3.  Are they easier or more difficult to deal with in 2016?

4.  Does FM provide any additional incentives?  Closing costs? I know they sell "As Is". 

I think that does it for now.  Any advice would be appreciated.