Category: Freddie Mac

NEW 2021 Loan Limits Released by Fannie Mae & Freddie Mac

The FHFA Just Released Their New Loan Limits for 2021!  Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-43 – Dated November 4, 2020

Written by: Lloyd Rutherford, Staff Writer Article Intro Paragraph LPA Resubmission requirements have changed, so read through this update to find out important details. Also in this update are guidance to Condominiums, Coops, or Condo Hotels for those of you working in those markets. Rule Synopsis: Freddie Mac is updating their selling guide for a […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-38 – Dated October 7, 2020

Written by: Lloyd Rutherford, Staff Writer In this month’s update from Freddie Mac they are adding clarification from a previous bulletin that caused the industry a lot of confusion!  This bulletin also includes an important guideline change that is considered a win for origination. Rule Synopsis: Freddie Mac is updating their selling guide for a […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-36 – Dated September 2, 2020 – Updated “Grossing Up Income Chart”

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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Wedding Gifts & Buying a Home! Did you know that wedding gifts deposited into your bank account 90 days or less from the date of your marriage license can be used to purchase a home?  For many of my clients these gifts have been the boost that they needed to buy a home.  Getting married?  Let’s chat!

Wedding Gifts & Buying a Home! Did you know that wedding gifts deposited into your bank account 90 days or less from the date of your marriage license can be used to purchase a home?  For many of my clients these gifts have been the boost that they needed to buy a home.  Getting married?  Let’s chat!

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2020-36 – Dated September 2, 2020 – Updated “Grossing Up Income Chart” 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 […]

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