Pandemic making it harder for self-employed borrowers to get a mortgage

Starting Dec. 14, Fannie Mae will require self-employed borrowers to cough-up the most recent three months of business bank statements to support the level of business revenue reported in their year-to-date profit and loss statements. The government-sponsored mortgage giant had been requiring just two months of statements since June.
Tying three recent bank statements to the entire year-to-date P & L can easily become a nightmare for borrowers and underwriters.
If you own 25% or more of any