Category: Universal Topics

PPP/SBA Loans During Pandemic & Business Income

Question: How does the Payroll Protection Loan from the Small Business Administration help or hurt a business when we are qualifying them for a mortgage loan? Answer: The SBA loans will have little to no impact with regard to qualifying for a mortgage. The agencies consider these types of assistance to be temporary. Therefore, the […]

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Is the C-08 Asylum Status Accepted by Mortgage Lenders?

Question: Our client is under a C08 Visa Status.  Will any of the agencies accept this status? MC Chart – Visa Status Reference, MC-Visa Status Terminology for Mortgage Lenders, MC Online Training Classes for Non-U.S. Citizen Borrower Lending Answer: The CO8 Visa is a temporary asylum status with an application pending for permanent asylum. This […]

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What Was Added – What Was Changed on Mortgage Currentcy This Month?

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. The COVID-19 Updates keep coming, but there […]

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What Was Added? What Was Changed on Mortgage Currentcy This Month?

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. The COVID-19 Updates keep coming, but there […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

What Was Added & What Was Changed on Mortgage Currentcy This Month!

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and agency bulletins that are changed each month, due to guideline updates. The COVID-19 Updates keep coming, but […]

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