Fannie Mae-No Politics (FNMA)

[clarencebeaks21]

Agree. I assume the rate is slightly higher than average. That’s one thing none of the news articles or product websites mention. Post-GFC, sellers generally need the blessing of a Qualified Mortgage (QM), one of whose parameters is a limit on interest rate premium. So there are guardrails now to protect the borrower, but enough price leeway on the highway to afford this niche offering.