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Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

Banks are now making loans against non-warrantable condos and condotels. But you won't get approved with The Big Banks if you try -- you've got to look local instead. Here's how to do it.

The Fed wrote in its June press release: "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." Translated -- Europe concerns us. It's why 30-year fixed mortgage rates are cutting 4.500 percent.

The Fed wrote in its June press release: "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." Translated -- Europe concerns us. It's why 30-year fixed mortgage rates are cutting 4.500 percent.

The Fed wrote in its June press release: "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." Translated -- Europe concerns us. It's why 30-year fixed mortgage rates are cutting 4.500 percent.

When the Federal Reserve makes a vote on the Fed Funds Rate, it's voting on the rate at which banks borrow from each other. The Federal Reserve is NOT voting to change consumer mortgage rates because, based on its government charter, it can't. Look to Wall Street for that, instead.

When the Federal Reserve makes a vote on the Fed Funds Rate, it's voting on the rate at which banks borrow from each other. The Federal Reserve is NOT voting to change consumer mortgage rates because, based on its government charter, it can't. Look to Wall Street for that, instead.

When the Federal Reserve makes a vote on the Fed Funds Rate, it's voting on the rate at which banks borrow from each other. The Federal Reserve is NOT voting to change consumer mortgage rates because, based on its government charter, it can't. Look to Wall Street for that, instead.

In February 2009, Fannie Mae rolled back a rule that kept real estate investors from financing more than 4 properties at a time. The limit raised the maximum number of financed properties to 10. The program gives bona fide investors a ticket to the national REO and Foreclosure Party.