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    Thursday, May 28, 2009

    Fannie Mae and Freddie Mac apartment loan changes

    Fannie Mae and Freddie Mac are now limiting cash out refinances to about 65%

    Rates are still low in the high 5% range.

    1.30 to 1 Debt Service Coverage in the new standard

    Purchase transactions are still able to achieve 75% loan to value financing.

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