Issue: Rules – December 10, 2019

Freddie Mac Selling Guide Update – Bulletin 2019-25 – Dated December 4, 2019 – Updated MTP™ – GreenChoice® Home Loans – Energy Efficient & Earth Friendly

Written by: Lloyd Rutherford, Staff Writer There are some game-changer updates in this article that will give you the edge over your competition if you read through these changes! 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 […]

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Fannie Mae – Freddie Mac – FHFA Announces Maximum Conforming Loan Limits for 2020

Written by: Lloyd Rutherford, Staff Writer By now you have likely heard about the conforming loan limit increases, but you may not have been informed about all of the little details that go along with these changes. Be sure to read through this article for a full update. Rule Synopsis: The GSE’s (Fannie Mae and […]

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Fannie Mae – New Fact Sheet for Titling Manufactured Homes as Real Property – Dated November 2019

Written by: Lloyd Rutherford, Staff Writer Financing manufactured homes has gotten a lot easier now that Fannie Mae and Freddie Mac have stepped up with education and guidance. This article contains an excellent guidebook to help you navigate this business vertical to increase your production next year! Rule Synopsis: Fannie Mae created a document to […]

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VA Circular 26-19-31 – Assisted Appraisal Processing Program (AAPP) Effective January 1, 2020

Written by: Tracey Rumsey, Staff Writer The VA appraisal process continues to become more refined and this update addresses more changes in their appraisal process. Rule Synopsis: For appraisals prepared on or after January 1, 2020, the VA fee panel appraiser may utilize the Assisted Appraisal Processing Program (AAPP). The appraisal report may be completed […]

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Fannie Mae and Freddie Mac Issue Reminder Notice Regarding the Impact to the Taxpayer First Act and Use of Tax Return Info – Dated November 6, 2019

Written by: Lloyd Rutherford, Staff Writer New Disclosure Alert! Pay attention to this article to ensure that you avoid any buybacks from Fannie Mae, Freddie Mac or your investors! Rule Synopsis: Fannie and Freddie provide a reminder notice of the impact and obligation to lenders trying to obtain information about tax-related documentation for borrowers. Interpretive […]

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