You're blogging along and realize there's a new mortgage cap reduction from 10 to 4 (including purchase) and you try and go to Freddie Mac's webpage to see it HELOC's count as one or two mortgages.

The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) will also purchase a Section 203(k) first mortgage.2.

I even use it on my Mac computers.

Through experience, does anyone have any ‘secrets’ or ‘tricks of the trade’ they are willing to share with making offers to Freddie Mac (HomeSteps)?

I was at a seminar one time, that ended up being a pitch for "coaching", but he spoke of a device that was developed by NASA that removed any odors in just a few hours.

Well, Freddie Mac just outlined that if they buy your new mortgage you can only have 3 properties mortgaged plus the investment you're borrowing on.That limits how fast any of us can move in traditional financing markets with a stock piling dream.

I've been buying REOs in Detroit and Indianapolis to rehab, rent and hold, but the 4-5 Fannie Mae/Freddie Mac property rule has just about maxed me out.

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:

Like many investors, I am up against Freddie and Fannie Mac's 4 financed properties guideline.

Y'all,They are all in a transition not just Indy Mac (which used to be a people friendly bank until some rumor mill started a run on them).