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FHA Re-verification of Employment and Exterior-Only and Desktop-Only Appraisals

On Friday March 27th, FHA released temporary guidance to assist lenders during the Covid19 pandemic. This mortgagee letter specifically addresses re-verification of employment, and exterior or desktop appraisals. Our FHA expert reviewed the letter for our subscribers and put together this synopsis. Written by:  Tracey Rumsey, Staff Writer FHA Re-verification of Employment and Exterior-Only and […]

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VA Covid19 Guidance – Important Update for Underwriting and Appraisals

VA Issued Circulars 26-20-10 and 26-20-11 regarding guideline flexbilities during Covid19. Circulars are linked below and can also be found under our Agency & Bulletins Page in the Category of VA. Our VA Expert has reviewed the Circulars and is issuing a bullet point summary for each of them below. Circular 26-20-10 VA Lender Guidance […]

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Unable to Make Mortgage Payment During the Covid19 Pandemic?

Question: Due to the Coronavirus pandemic, we are getting a lot of calls from consumers about not making their mortgage payments due to a job loss.  Do you have anything that we can send them as we are really concerned that not making a payment will adversely affect their credit?  New MTP™ – Mortgage Talking […]

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The Coronavirus Pandemic is leaving some of you to wonder how to handle your mortgage payment if you have experienced a loss of income or job loss. We have put together some tips about “Handling Mortgage Debt During Covid19”.  Just Comment below, and I’ll send you a copy!

The Coronavirus Pandemic is leaving some of you to wonder how to handle your mortgage payment if you have experienced a loss of income or job loss. We have put together some tips about “Handling Mortgage Debt During Covid19”.  Just Comment below, and I’ll send you a copy!

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Fannie Mae & Freddie Mac Covid 19 Temporary Guidance for Mortgage Processes

Written by:  Lloyd Rutherford, Staff Writer The Coronavirus, aka COVID-19, is unlike anything we have ever seen in our lifetime. Our Fannie and Freddie expert has read through and interpreted the main takeaways for our subscribers, and we strongly recommend that everyone take the time to read through this. Rule Synopsis: The GSE’s (Fannie Mae […]

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