With residential loans the terms are set by the secondary market the banks sell the loans to; Fannie Mae, Freddie Mac etc.

This is ok - but Freddie mac and Fannie mae are essentially trying to get rid of 2nd home loans so expect to pay 3-4 points in closing costs.

They've always been junk that's listed on the MLS or the Fannie Mae website.

Hi,I really think that Fannie Mae overprice their listings and they make really hard with offers.

That is the Fannie Mae "HomeReady" loan.  

Although it took me 6 months to identify a house that made sense and pick up a home off Fannie Mae, it has been well worth it.

This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae?

Fannie Mae does not allow that.

ET Homeowners soon will be able to count income they earn from Airbnb Inc. rentals on applications for refinance loans.A new program -- expected to be announced on Thursday by Airbnb, mortgage giant Fannie Mae and three big lenders -- will allow anyone who has rented out property on Airbnb for a year or longer to count some or all of that money as income.Refinancing can be a way for a homeowner to tap home equity for renovations, college tuition or other big expenses, or to reduce their monthly payments.Lenders have been tougher on income from side businesses and part-time work since the mid-2000s, when poorly documented income claims on mortgage applications helped fuel the housing bubble.Airbnb, which launched in 2008, argues that its service includes reliable technology to track income, and that it is helping middle-class Americans stay in their homes by giving them a way to generate additional cash."

Ginnie Mae securities, securities made from the whole loans that are insured by the US Government, are a pretty common hedge in insurance money and mutual market investment funds.