Related Article Title: Fannie Mae and Freddie Mac – Oil Leases & Royalty Income: Is the 3-year continuity of income required for oil leases where income is reported on the tax return, but no one knows how long a well will produce oil? Answer: This falls under Royalty Income. Fannie Mae is more restrictive and […]
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Related Article Title: Fannie Mae & Freddie Mac-Co-Signor on Deed: Does Fannie Mae or Freddie Mac require a cosigner to be on the deed? Answer: Fannie Mae guidance is clear that they would sign the deed, but Freddie guidance is less informative. If you are trying to avoid the co-signer signing the deed, Freddie may […]
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Related Article Title: Universal – Loan Quality Types: With the expansion of loan products, what are the differences between Non-QM and Sub-Prime loans? Answer: There is a lot of discussion on Non-QM business as lenders have compressed margins and they are looking for loans that allow them to deviate slightly from secondary marketing constrictions and […]
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Related Article Title: Universal – Loan Quality Types: With the expansion of loan products, what are the differences between Non-QM and Sub-Prime loans? Answer: There is a lot of discussion on Non-QM business as lenders have compressed margins and they are looking for loans that allow them to deviate slightly from secondary marketing constrictions and […]
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Related Article Title: Universal- NEW Chart- Debts Paid by Others Chart – All Agencies Written By: Lloyd Rutherford, Staff Writer We get a lot of questions regarding Debts Paid by Others through our Ask the Experts feature. To assist our subscribers, our experts have created an ALL agencies chart for this subject. Interpretive Comments: Variation […]
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