What's going on? What's going on? What's going on? We are live. We are blessing God for another day. Matt Garland here in the molest number five eight seven zero zero, but better known as M G the mortgage guy. Welcome back to the channel. Everybody got some breaking news alert.

Fannie Mae is changing down payment requirements for two to four family multi family properties for primary residences only. So we're going to get into all of that today, but first and foremost, you know, I got to promote what I got to promote first and foremost, let's get to it.

I was high economics real estate investors manifesto. I might need to update this book now, y'all. This book right here after these guidelines changes. Some things I need to be updated. We're going to talk about that too. Give that in the academy.

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Nobody's going to thank you, great. I got to thank I'm great myself. All right. So you're ready for some gems, though some gems in the comments. Please, if you are ready to hear this information, this is a game changer for all of you folks who want to buy multi family properties for all you folks who want to be a landlord.

This is not for the folks who don't want to be a landlord. It's not for you. It's for the folks who want to either house hack, they want their life away and house hack, they wait to wealth is for the folks who want to deal with tenants and deal with the headaches.

Okay. These are the folks who want to deal with the good, the bad and ugly of on it multi family real estate. Okay. So yesterday. Oh, first of all, shout out to tukes productions.

You face Tommy today. We fixed the problem. So now I can share my screen. So shout out to tukes and make sure you go down low his podcast as well. Street alpha podcast.

All right. So let's, let's go to, let's go to, let's go to where we got to go to. All right. We're not even going to waste no time with this today. We're going to give you what you want. Pause.

Look at this. Ladies and gentlemen, what you are looking at right now. Let me get myself right. Can you see my screen clear type, type and shot. If you can see the screen, screen clear.

Make this a little bit bigger for you pause. A little bit bigger. So it's really all on the screen. Okay. I want to make sure you guys can see everything and make sure you guys hit that like button.

Please. All right. So this was an announcement that came out yesterday. This is an official announcement from Fannie Mae.

Official. As you can see, as of October 4th, 2023, actually came out yesterday. So during the weekend of November, 18th, 2023, Fannie Mae will update desktop underwriter, aka, DU version 11.1, which will include the changes described below, unless specified below, the changes in this release will apply to DU version 11.1,

long case file submitted or resubmitted on or after the weekend of November, 18th. So basically.

And it's a couple changes, but it doesn't go into November, 18th. We're only going to focus on the LTV ratios, because this is the most important thing.

Okay. Now type in chat. Do you know what LTV means? Type in chat. Please type in chat. What is LTV stand for? Type in chat. Type in chat. What is LTV stand for? Please.

I need to see that job paying attention. Type it in chat. Please. I need to get at least 50 of those real quick. Type in chat. What does LTV mean?

Thank you very much.

And if you want to review the article yourself, shout out to Tunisha, our moderator. She just put it in the comments as well for you to review on your own time.

So if you are licensed rota, please type rota in the state that you are servicing in the comments as well. You might want to grab this. This is going to help you make some money.

Now to expand access to credit and provide support for affordable rental housing.

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