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Freddie Mac Bulletin 2021-20 dated June 2, 2021

Brandon Butler | Posted on June 10, 2021 |

Written by: Sue Villanova, Staff Writer In this bulletin, Freddie Mac releases important updates pertaining to Exclusionary list searches, Condo and Coop project eligibility, Multiple Parcels, AIM for Self-employed borrowers, LPA Median Income implementation, and remote notaries. Rule Synopsis: There are multiple subjects covered that have various effective dates and are addressed below. Exclusionary List […]

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USDA Chapter 9 – Attachment 9A Old vs. New Guidance Chart

Brandon Butler | Posted on June 10, 2021 |

Written by: Tammy Butler, Publisher New Chart – USDA – Chapter 9 – Attachment 9A – Old vs. New Guidance In our March Rules issue, our USDA expert David Hail wrote an article about the advanced copy of rules changes for Chapter 9. Left unchanged the new rules were effective 30 days after the notice. […]

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What Was Added? What Was Changed on Mortgage Currentcy This Month?

tammybutleradmin | Posted on June 10, 2021 |

In each Rules Issue, we post, “What was Added and What Was Changed!” This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. What Was Added This Month! Charts & […]

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USDA Multiple Updates – GUS Enhancements, FAQs and Income Limits

Brandon Butler | Posted on June 10, 2021 |

Written by: Tammy Butler, Publisher USDA is making huge strides in technology, communication and guideline clarifications. This information will keep you up to date or help you learn more about working with USDA. USDA Updates: The team at USDA has been super busy these last couple of months with notification after notification, and we applaud […]

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Fannie Mae Selling Guide Announcement LL 2021-11 and Freddie Mac Bulletin 2021-19- Both dated May 26, 2021

Brandon Butler | Posted on June 10, 2021 |

Written by: Sue Villanova, Staff Writer Fannie and Freddie are getting serious on providing additional details and eligibility on the Revised General QM Rule and its implementation. Rule Synopsis: The QM patch is going away, the Revised General QM rule is the new flavor of the day, and it all starts with new policies and […]

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