Fannie Mae bumping the max properties to 12......

[Mike H.]

I heard from a very well-informed mortgage broker that Fannie Mae was reportedly very close to announcing a bump in their property limit from 10 to 12. She didn't have any details on the guidelines but she believed that they would be the same as the current 5 to 10 program.

Supposedly, this should be announced sometime in the first quarter. I asked her to tell me as soon as they make it official. Will pass it along as soon as she does - although the news will likely hit here first anyway.... :-)

But we might be getting 2 more of these lovely 30 yr fixed loans that we can use. Lets hope so.

Has anybody else heard this was coming?