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BRIEF-Fannie Mae ‍announces enhanced Adjustable-Rate Mortgage loan ​
September 18, 2017 / 7:20 PM / a month ago

BRIEF-Fannie Mae ‍announces enhanced Adjustable-Rate Mortgage loan ​

Sept 18 (Reuters) - Federal National Mortgage Association :

* Announced a newly enhanced Hybrid Adjustable-Rate Mortgage loan aimed at serving small-loan multifamily borrowers​

* Fannie Mae’s Hybrid ARM is a fully amortizing loan with options for a fixed rate in first five, seven, or 10 years​

* Financing will be available for properties with 5 to 50 units and for loans of $5 million or less​ Source text for Eikon: Further company coverage:

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