King, Managing Director - National Fannie Mae & Freddie Mac14.

If the guidelines are set by Fannie Mae/Freddie Mac, then why am I getting different answers from these loan officers and also seeing here that people were able to get 5% down?

hi Brian - here's the deal on delayed financing through Fannie Mae -- if you buy a property in cash, you can take cash out within the first 6 months using the delayed financing exception (other than death, inheritance or divorce this is the only way to take cash out on a conventional loan within the first 6 months) -- 1) all money used to purchase the property must be your money.

I would buy as much Fannie Mae and AIG as you can afford. ;)

If you're willing to buy a Fannie Mae reo there are lenders that can fund 90% with no pmi and a bit higher rate.

.-30 year fixed rate term-Rates between 5.5-6.5%-Prepayment penalty for first three years of term-Minimum loan amount of $60,000-Up to 75% LTVAlso, does anyone know if getting a B2R loan would disqualify me from being a first time homebuyer with Fannie Mae?

Even though you may qualify according to Fannie Mae standards, lender overlays may cause you to not qualify for them.

Not only are they valued differently, I believe that Fannie Mae does not back properties with more units, so the financing changes as well. 

I'd focus on Fannie Mae Homepath properties if possible.

Hi, I was wondering if anyone can give me some color on the operational steps involved in purchasing bundles of non-performing notes, in broad strokes.My idea so far is something along the lines ofReceive list of non-performing loans offered by a bank, Freddie Mac/Fannie Mae, some other source.Underwrite each loan to determine the price we are willing to pay, given the info providedSubmit bids on each loanPurchase the pool of loansReach out to each homeowner, determine whether new terms, deed in lieu, or foreclosure is best optionSell newly performing loans or foreclosed propertyDo I have it mostly right?