Fannie Mae understands innovation. They are using policies - contractionist policies - to shift risk to people like me in a time of supposed stimulation. How you might ask? They are issuing weekly changes to policy. One that has affected me personally is the refusal to accept property appraisals from the norm to less that four months. This shift in short term real estate value fluctuation is bared by many people mid project like myself.
This means that you should not start a project that needs to be financed that is longer than 4 months or else any decrease in short term real estate value needs to be absorbed (i.e coughed up) by you!! STOP ALL CONSTRUCTION NOW that exceeds 4 months of duration.
Good Luck and Good Night.
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