Issue: Rules – December 10, 2020

Freddie Mac Selling Guide Updates – Bulletin 2020-44 – Dated November 13, 2020

Written by: Lloyd Rutherford, Staff Writer Self-Employed borrowers were never super-easy for originators.  With COVID, they have become even more difficult.  Read this article to update your knowledge on this important market segment. Rule Synopsis: Freddie Mac is updating this bulletin originally issued on November 13, 2020. The Bulletin is intended to solely address the […]

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Fannie Mae – Project Standards Requirements FAQ’s w/ Condotel FAQs added – Updated November 2020

Written by: Lloyd Rutherford, Staff Writer For those of you originating or underwriting in an area with Condotel’s, this is an important update.  Condominium financing can be challenging enough, but throw in the mixed-use nature of a Condotel and you have added a new level of complexity.  This update includes both Condotel and Condo FAQ […]

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Fannie Mae – DU/DO Release Notes January 2021 Update – Dated November 18, 2020 – Effective January 16, 2021

Written by: Lloyd Rutherford, Staff Writer  Keeping up with the DU/DO messaging changes keeps you on top of your game.  The originator who knows how to properly submit information to DU/DO and interpret the messaging is the winner in the local competition game.  Make sure that you read these updates to stay informed of the […]

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Fannie Mae and Freddie Mac Announce Maximum Conforming Loan Limits for 2021

Written by: Lloyd Rutherford, Staff Writer Great News on Loan Limits.  Read through this article to find out more details, fun facts and references to share with your social network and referral sources. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac), at the direction of their regulator, the Federal Housing Finance Agency (FHFA), have […]

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Fannie Mae & Freddie Mac – December Updates FAQs for COVID – NEW Mortgage Forbearance Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Trying to keep up with guideline changes can be challenging in normal environments.  Throw in COVID and now we have another layer to be concerned with.  Stay up to date on our monthly updates from the agency FAQs to learn what has changed. NEW Mortgage Forbearance Chart – All […]

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