This was the case with my three duplexes which I secured financing for from Fannie Mae SBL at competitive rates.

Again, not everyone will know the difference here but you will after this.Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

If planning going through SBA, HUD, Freddie Mac, or Fannie Mae, make sure you tell your Phase I ESA provider upfront as these institutions have specific scope of works that that include items above and beyond what is asked for in a typical ASTM-1527-13 Phase I ESA.Don't do a Phase II ESA until the Phase I ESA is completed or you at least get verbal results from your Phase I ESA provider. 

Those products don't exist now.Fannie Mae and Freddie Mac were hungry for loans and the beast had to be fed. 

Here is the LLPA matrix directly from the source:  Fannie Mae LLPA matrix HOWEVER, we have products that are full documentation WITHOUT the LLPA adjustments.

Was very close on a REO but Fannie Mae wouldn't come down enough (yet).

Fannie Mae will not allow more than $3K.

A mortage broker told me that it is a new Fannie Mae rule.

Made an offer on a Fannie Mae last week that was listed for 29,9K.

See the following for details:http://www.biggerpockets.com/forums/312-selling-real-estate/topics/76761-fhfa-announces-new-standard-short-sale-guidelines-for-fannie-mae-and-freddie-mac