Mercer County had -38% fewer new detached home listings (222).Upcoming single-family home sales (3,224) slid -23%, the first year-over-year decline since last May, as available inventory tightened.

I don't know much as this point, but here's what I know: "Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the government sponsored entity said in a letter to sellers on Wednesday.

What happens when the massage therapist strains her wrist and cant work? 

This is actually a tightening of underwriting standards, and the restriction you mentioned is in terms of the lender's portfolio.

I am finding this out as I am looking at commercial blanket loans and looking at jumping into the market as these lenders tighten up, and the owners start shedding 5-100 unit properties.Cheers,JQ

The last few months have put mortgage brokers, lenders and closing companies under amazing strain as the number of refinances has skyrocketed.

We have tightened our rental criteria since this mess started and now require additional up front funds.

Conventional financing is the cheapest way to go (although Fannie and Freddie are tightening for investment loans) and an LLC is not allowed. 

One is that lenders have significantly tightened up their standards.

Rate and fees are higher than traditional conventional financing, but well worth it these days as Fannie and Freddie tighten their guidelines.Stephanie