(RECAP: On Jan. 4, Dr. Doug Duncan, Executive VP and Chief Economic Officer of the Federal National Mortgage Association, otherwise known as Fannie Mae hosted the association’s quarterly strategy meeting in Washington D.C. What made this particular session an unprecedented event, however, was the representation of real estate investors among the invited attendees. This is the first time that guests outside of Capitol Hill have been invited to any sort of Fannie discussion, which has opened up a debate on the importance of real estate investors in the current housing market. The meeting proved the government’s interest in investors and has provided an optimistic future outlook for single-family, non-occupant loans to be based more on the income of the property, as opposed to the borrower. Fannie’s limit on the number of loans made to a single investor had previously made it difficult for landlords and investors to be economically motivated to provide housing sufficient to meet demand.)
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