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Home › Forums › Closed Forums › Buying and Selling RE › Stupid refinance rule: Must live within 100 miles from property! › Oxford wrote: “Fortunately,

May 26, 2009 at 11:51 PM #406801
Crooked_Banker
Participant

[quote=Oxford]
“Fortunately, this not a FNMA requirement. Therefore, other Banks can approve your loan.”

How stupid? Anyone ever heard of this?

OX

[/quote]

The stupid part of this is that my tax dollars are subsidizing the mortgage on your rental through FNMA. What a waste of tax money in a time of unprecedented deficits.