The Treasury Department and FHFA, the overseer of Fannie and Freddie announced last week an end to their policy that restricted how many mortgages on investment properties and second homes that Fannie and Freddie could purchase. Earlier in the year we saw many of our lenders quit offering loans to RE investors and the remaining lenders substantially raised their rates. Now this restriction is gone and we can easily lend to RE investors and second home buyers again.
