Issue: Rules – July 10, 2021

VA Circular 26-20-10, Updated Lender Guidance for Borrowers Affected Financially by the COVID-19 National Emergency, June 29, 2021, Effective immediately

Written by: Tracey Rumsey, Staff Writer COVID guidelines are in a continuous state of flux.  Read this article to ensure that you are up to date on VA COVID guidance. Rule Synopsis: Effective date June 29, 2021 Summary This is a reissuance of the COVID-19 policy Circular 26-20-10 that VA allowed to rescind in April of […]

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Fannie Mae’s Top Trending Questions – Dated June 30, 2021

NOTE:  Mortgage Currentcy Links Each Agency’s Latest FAQs under the agency in the “Charts & Checklists” link.   Written by: Lloyd Rutherford, Staff Writer The Top Trending questions or FAQs from the agencies are one of the best ways to get clarification on situations you may not run into every day such as self-employed borrowers.  Many […]

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What Was Added – What Was Changed on Mortgage Currentcy This Month!

In each Rules Issue, we post, “What was Added and What Was Changed!”  This helps our subscribers stay up to date on all of the additions to the site as well as changes to our charts, checklist, and MTPs that are changed each month, due to guideline updates. What Was Added This Month! Charts & […]

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Fannie Mae Selling Guide Updates – SEL-2021-06 – Dated July 7, 2021

Written by: Lloyd Rutherford, Staff Writer In this month’s Fannie Mae update we have a win for refinances and clarification on age of appraisals. Rule Synopsis: Fannie Mae is updating their selling guide for a few topics. This article will focus on the topics that benefit originators. The updates announced in this Selling Bulletin that […]

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Freddie Mac Selling Guide Updates- Bulletin 2021-25- Dated July 7, 2021 – Updated Charts!

Written by: Sue Villanova, Staff Writer In this update, Freddie Mac provides clarification on guidelines for the Refi Possible® program announced in Bulletin 2021-17, updates to GreenCHOICE® transactions, and gift donors paying the earnest money direct. The changes are effective immediately unless otherwise noted. Rule Synopsis: Updated Mortgage Currentcy Charts Gift Funds & Gift of […]

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