Rules – June 10, 2019

Freddie Mac – FAQ’s: Single Family Website Redesign – May 2019

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is taking the time and effort to make searching for a guideline easier than before. If you work with Freddie Mac, read through this article to find out how they are reshaping their guideline portal. Rule Synopsis: Freddie Mac releases an FAQ for questions relating to their [...]

2019-06-07T10:44:26-05:00June 10th, 2019|

NEW Extenuating Circumstances – All Agency Comparison Chart

Written by: Tracey Rumsey, Staff Writer Life happens, Sometimes Life Throws a Curve Ball & Disrupts a Client’s Credit History! Read this article and check out our new chart to be the hero to more clients. Interpretive Comments: Borrowers who have had more recent major derogatory credit issues that prevent them from receiving an automated [...]

2019-06-07T10:45:04-05:00June 10th, 2019|

Fannie Mae Issues Updated Fact Sheet(s) for their PERS Process – Dated May 2019

Written by: Lloyd Rutherford, Staff Writer Condominium approvals are not for the faint of heart. In this update, Fannie Mae give you some tips to make the complex less complex. Rule Synopsis: Fannie Mae has updated their PERS Eligibility Overview and “Getting Started” Guide. The “Getting Started” Guide outlines the process of collection of documents [...]

2019-06-07T14:08:54-05:00June 10th, 2019|

Universal – Alternatives to the Traditional LOS System? An Insights Report from STRATMOR Group

Written By:  Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements.  In this update the bureau addresses, construction loans. Interpretive Comments: Collecting data and watching for trends in our industry is one of the many tasks performed by STRATMOR Group, a mortgage industry advisory firm.  [...]

2019-06-10T09:00:36-05:00June 10th, 2019|