Fannie Mae & Freddie Mac – Decreasing Commission Income: If a borrower has decreasing commission income, do we simply average the last two years?
Answer: When Fannie looks at commission income, they’re reviewing the trending and stability of the income. Contact me 1st to see what can be used. There are two components here. If the commission income is variable, you must follow the variable income guidelines below. There is a specific section in the selling guide for Commission […]