Starting immediately. Cash-outs for all-cash players.

Fannie Mae quietly made a rule change last week that could be of huge significance for cash buyers of houses — whether they’re investors or owner-occupants — starting immediately. Call it cash-outs for all-cash players.

The company modified its long-standing requirement that all-cash home purchasers must be on the title for at least six months before pulling out money from the house by obtaining a mortgage. Now you can do it — if you qualify — virtually overnight.

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