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 [...]

2019-04-09T11:52:09-05:00April 10th, 2019|

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. [...]

2019-04-09T11:46:23-05:00April 10th, 2019|

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 [...]

2019-04-09T11:50:06-05:00April 10th, 2019|