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.

(Google it, event announcements are not allowed in the forum.)

After a few too many special "lunch meeting" where the company announces,"everyone in this room still has a job, everyone else..." sort of speeches.

Official announcement coming soon.

The Fed also announced a cut in the rate it charges to lending institutions from 3.5% to 3.25%.

Great returns.Please do read the announcements in every forum if you have then you all ready know that this is not the place to post deals.

Hello there everyone-Not too sure if this qualifies as an announcement but I would like to let people know a little bit more about HUD (Housing and Urban Development) and FHA (Federal Housing Administration).

The service also has a "preview" kind of feature, where the caller has to announce their name, which you hear, and decide if you want to take the call or send it to voicemail.

News Conference at 2pm EST.Government, mortgage industry to announce assistance effort for Fannie Mae, Freddie Mac loans in news conference.http://biz.yahoo.com/ap/081111/meltdown_mortgages.html :cool:

Just as coincidental as the post election announcement of "Hey, we've been in a recession for over a year by the way...."