Written by: Lloyd Rutherford, Staff Writer In today’s world, every bit of advertising that you do is documented and retrievable. Recently there has been a rash of consent orders from the CFPB over false advertising practices. Read this article to learn what you need to avoid. Rule Synopsis: The CFPB completed an audit of a […]
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Related Article Title: FHA HECM-Reverse Mortgage Updates – Moratorium Extension – HECM Fraud Written by: Melinda Hipp, Staff Writer HECM Updates & Interpretation:FHA Extends Exterior Appraisals to October 31 – Extends Foreclosure Moratorium Until Year End The Department of Housing and Urban Development announced the re-extension of exterior-only appraisals for case numbers on HECM’s (Reverse […]
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Written by: Melinda Hipp, Staff Writer HECM Updates & Interpretation:FHA Extends Exterior Appraisals to October 31 – Extends Foreclosure Moratorium Until Year End The Department of Housing and Urban Development announced the re-extension of exterior-only appraisals for case numbers on HECM’s (Reverse Mortgages) assigned on or before October 31, 2020. Details were provided in Mortgagee Letter […]
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Written by: Lloyd Rutherford, Staff Writer Freddie Mac is getting back into the rhythm of guideline changes and clarifications. This update includes some important changes that may have you considering using Fannie Mae for some types of income! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]
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Written by: Lloyd Rutherford, Staff Writer The scariest phrase in mortgage lending today is “Self-Employed Borrower”. The agencies have gotten hypersensitive to those who own their own companies during a pandemic. Read through this article to hear a “true confession” and the resources you need to work with clients that are self-employed! Rule Synopsis: Fannie […]
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