Inspiring interviews with today's top landlords.

This is the rental income podcast.

And now, Dan Lane.

I've got a quick bonus episode of the podcast for you today.

So there's some breaking news in the mortgage market that is actually very good news for us as investors.

Joining us on the show today to fill us in is Chaley Ridge from Ridge Lending Group.

So Chaley, what's the news?

Well, I'm almost giddy about this, Dan.

I'm super excited to be sharing with your listeners.

We got an announcement from the GSEs government-sponsored enterprises,

aka Fannie Freddie, that they have reversed,

or rather suspended, a cap or a limit risk layer to non-owner-occupied and second-home occupancy.

Let me just take a quick second and go backwards and inform those listening from a definition perspective and then I'll bring it home. You know, mortgages are securities,

specifically mortgage-backed securities. And the most common of those for real estate, residential

real estate investors, are bought and sold by Fannie Freddie.

Conventional Fannie Mae Freddie Mac is where many of the clients that we work with, that's where

they're getting their funding from.

So when you think about it from that perspective, Fannie Freddie loans that are the mortgage-backed

securities are insured, meaning they are guaranteed by the United States government against default.

That's the exact reason that we have rates as low as we do on 30-year fixed mortgages.

Okay, so that's an important thing to understand.

The other piece to this that I wanted to lace in here that most people are not aware of is that since COVID, the United States Treasury, has been purchasing mortgage-backed securities, Fannie Freddie, to the tune of about $40 billion a week.

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