Rules – July 10, 2019

Fannie Mae – FAQs for Appraisal Waivers – Dated June 24, 2019 – NEW MTP™ – Fannie Mae Properties Eligible for Appraisal Waivers

Written By: Lloyd Rutherford, Staff Writer Appraisal waivers are fantastic if your file qualifies for them! Keep up to date with this most recent FAQ from Fannie Mae on this subject. Rule Synopsis: Fannie Mae has updated their FAQ document for appraisal waivers. Interpretive Comments: I think we can all agree that any advance we [...]

2019-07-09T11:34:21-05:00July 10th, 2019|

Fannie Mae and Freddie Mac – Optional Use Period for the Uniform Residential Loan Application Will Not Begin July 1, 2019 – Dated June 12, 2019

Written by: Lloyd Rutherford, Staff Writer July 1, 2019 is out for the new URLA! Find out what happened and when we can expect the new optional date to begin. Rule Synopsis: Fannie Mae and Freddie Mac both posted announcements to inform the industry that the Optional Use Period for the redesigned 1003 has been [...]

2019-07-09T10:47:41-05:00July 10th, 2019|

Freddie Mac Selling Guide Updates – Bulletin 2019-14 – Dated June 19, 2019 – NEW MTP™ Freddie Mac ChoiceRenovation® Program

Written by: Lloyd Rutherford, Staff Writer More options for those of you in markets with lower inventory! Check out the new updates in Freddie Mac’s renovation program. I think you’re going to like how this program will help you generate more business. Rule Synopsis: Freddie Mac is updating their selling guide to introduce their newest [...]

2019-07-09T10:48:57-05:00July 10th, 2019|

Fannie Mae – DU Job Aid – Debt-to-Income (DTI) Ratio – Dated June 3, 2019 and DU Job Aid Total Expense Ratio < Housing Expense Ratio Error Message – Dated June 3, 2019

Written by: Lloyd Rutherford, Staff Writer If you master DU you are one step ahead of the competition and you dramatically reduce processing time! These Job Aids should help you get one step closer to expert status. Rule Synopsis: Fannie Mae published two new job aids: DU Job Aid Debt-to-Income (DTI) Ratio, and DU Job [...]

2019-07-09T10:49:18-05:00July 10th, 2019|