Fannie Mae Selling Guide Announcement SEL-2017-09 – Dated November 31, 2017-Effective Immediately

Rule Synopsis: Fannie Mae clarified-when a borrower is obligated on a mortgage & another party is making that payment, the lender may exclude the payment. Fannie Mae is updating their selling guide for five specific topics, plus three miscellaneous selling guide updates. This article will focus on the topics that benefit originators. For lenders that […]

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