Issue: Rules – April 10, 2019

VA Circular 26-19-09 – VA Policy Change Regarding Unreimbursed Employee Business Expenses Dated March 15, 2019 – Effective immediately

Written By: Tracey Rumsey, Staff Writer Form 2106 used to be an originator’s nightmare.  Now VA has something to say about it! Rule Synopsis: In order to comply with the Tax Cuts and Jobs Act of 2017, VA has removed the requirement for consideration of Internal Revenue Service (IRS) Form 2106 unreimbursed employee expenses, with […]

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FHLMC News Center Bulletin – Debunking Manufactured Housing Myths – The Facts – Dated March 7, 2019

Written By: Lloyd Rutherford, Staff Writer There are a lot of opportunities in market niches, and manufactured housing is one of them.  Now that Fannie Mae and Freddie Mac have joined in this market and worked with manufactured builders, the homes they are financing look great.  Take the time to educate yourself and your staff on […]

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Fannie Mae Appraiser Update – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Evaluating the collateral on a property is a major part of the mortgage approval process.  Fannie Mae is putting out great information on this topic to help educate you further. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format that contains some very useful information. […]

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Freddie Mac – Loan Product Advisor Release Notes – Dated March 31, 2019

Written By: Lloyd Rutherford, Staff Writer A loan originator’s greatest talent may be understanding how to use the AUS systems.  The agencies provide ample information and resources to help you get it right the first time. This article highlights the release notes for March and April. Rule Synopsis: Freddie issues March update to Loan Product Advisor […]

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Freddie Mac Bulletin – 2019-7 – Multiple Selling Guide Updates – Dated April 3, 2019 – Effective July 3, 2019 and February 1, 2020. [NEW Chart – Fannie Mae vs. Freddie Mac Underwriting Differences]

Written By: Lloyd Rutherford, Staff Writer This update contains a lot of exciting news that is sure to expand your business or make it easier. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this Selling […]

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