Issue: Rules - July 10, 2018

Freddie Mac Multiple Guide Updates – Bulletin 2018-9 – Dated June 13, 2018

By: Lloyd Rutherford, Staff Writer We don’t often release servicing bulletins, but this one has a direct impact on the origination of Freddie Mac HomePossible® loans.  Read through this article to understand its impact and how you can use this to differentiate yourself from your competition. Rule Synopsis: Freddie Mac introduces a special program for […]

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

Fannie Mae-DU Potential Red Flag Message Matrix-Dated June 2018-Misrepresentation of Borrower Employment Scheme-Dated May 2018

By: Lloyd Rutherford, Staff Writer One of the worst feelings is to work hard to originate a loan, structure the deal, plan on how you will spend your commission, and then find out in QC review the file is fraudulent in some way.  Fannie Mae helps you pick up “Red Flags” with this update.  This […]

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

Fannie Mae Resource Documents for Selling Notice – HomeReady® Income Limit Increase – added June 2018 – Dated June 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae changed their HomeReady® loan limits last month, and in this update they are issuing supporting references and marketing materials for the program.  This is great information to help you get more business! Rule Synopsis: Fannie Mae updated their income limits for HomeReady® and they have now released two […]

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

CFPB – Comments from the Mortgage Bankers Association

By: Tammy Butler, Master CMB The CFPB released multiple Requests for Information from industry participants. The MBA which represents Mortgage Lenders in Washington, DC responded to those requests. Their opinions hold weight with the bureau and affect your business so it is important to read what they are recommending to the bureau. Rule Synopsis: It’s rare […]

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

FHA Info #18-27- FHA Eliminates Inspector Roster, Dated July 3, 2018, Effective August 2, 2018

By: Tracey Rumsey Finding an inspector used to be an arduous process. This prompted HUD to issue an approved Inspector Roster to make the process less arduous. Read this update to see what has changed. Rule Synopsis: Effective August 2, 2018, FHA will no longer maintain and administer its own standardization process for inspectors. Due to […]

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

Scroll to Top