Expect investment loans harder to come by, and the credit score and LTVs more strict.Jeff Lazerson of the Orange County Register made some interesting points about this announcement worth nothing:Lenders may lose their appetites to make these loans because of a worry Fannie and Freddie will say no due to their new rental and second home loan allowances.Many lenders “have already increased second-home financing by an average of 1.45 points.

The 30-year fixed-rate mortgage averaged 2.94% for the week ending May 13, down two basis points from the previous week, Freddie Mac reports.

Using a real current example on one of my investments, the home in the ~$750K range leaves me with an average mortgage of about~$3500.

the idea that all these millions of tenants are going to some how pay back rent is just not reality in the slightest.. some might but when your average tenant lives pay check to pay check how are they going to pay current rent and back rent where is the money going to come from ?? 

You see, most of us on here have a better form of financial intelligence than the average bear. 

@Eric J Platter For modeling purposes, different states have different average times to foreclose.

Average days on market is down to 17 for the MSA, and 18 days for the City of Austin.

-Monthly Payment: $1,189; Average Comparable rent in general area: $1,400-$1,800?

Every since the last depression, mortgage lenders have taken over and the deposit banks are only originating something like a third of what they used I believe is the statistic.As far as loan products, yes your "average" lender may not do well for you if you want a new construction loan... 

These can be downloaded after you've completed them, and then uploaded into whatever GUI/software your brokerage uses.