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

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. You Can Also Find the Latest Updates […]

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Fannie Mae’s FAQs for Positive Rent Payment History – Dated August 18, 2021

Written by: Lloyd Rutherford, Staff Writer Fannie Mae issued an update to DU Version 11 that will allow Rent Payments to be considered.  However, there are certain procedures that need to be followed to make this happen for your clients, so read through this article to learn what those are. Rule Synopsis: Fannie Mae issued […]

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Fannie Mae Selling Guide Updates – SEL-2021-08 – Dated September 1, 2021

Written by: Lloyd Rutherford, Staff Writer Fannie Mae is announcing a substantial update to minimum credit score thresholds.  This update will provide you with the details to assist your clients with lower credit scores. Rule Synopsis: Fannie Mae is updating their selling guide for a few topics. This article will focus on the topics that […]

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Freddie Mac Selling Guide Updates- Bulletin 2021-29- Dated September 1, 2021- Effective November 15, 2021 & December 1, 2021

Written by: Sue Villanova, Staff Writer Freddie Mac bulletins are a great way to stay up to date on guideline changes.  Be sure to read through these latest changes to become familiar with the new guidelines. Rule Synopsis: Freddie Mac has a lot going on in this bulletin and three different effective dates, but nothing […]

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Fannie Mae & Freddie Mac – Updated FAQs for COVID – Dated September 1, 2021

Written by: Lloyd Rutherford, Staff Writer As COVID restrictions on the housing market start to unwind the FAQs are an important way to update your knowledge about what rules are or are not in effect. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) changes to […]

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