Issue: Rules – June 10, 2021

Freddie Mac Bulletin 2021-20 dated June 2, 2021

Written by: Sue Villanova, Staff Writer In this bulletin, Freddie Mac releases important updates pertaining to Exclusionary list searches, Condo and Coop project eligibility, Multiple Parcels, AIM for Self-employed borrowers, LPA Median Income implementation, and remote notaries. Rule Synopsis: There are multiple subjects covered that have various effective dates and are addressed below. Exclusionary List […]

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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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USDA Multiple Updates – GUS Enhancements, FAQs and Income Limits

Written by: Tammy Butler, Publisher USDA is making huge strides in technology, communication and guideline clarifications.  This information will keep you up to date or help you learn more about working with USDA. USDA Updates: The team at USDA has been super busy these last couple of months with notification after notification, and we applaud […]

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Fannie Mae Selling Guide Announcement LL 2021-11 and Freddie Mac Bulletin 2021-19- Both dated May 26, 2021

Written by: Sue Villanova, Staff Writer Fannie and Freddie are getting serious on providing additional details and eligibility on the Revised General QM Rule and its implementation. Rule Synopsis: The QM patch is going away, the Revised General QM rule is the new flavor of the day, and it all starts with new policies and […]

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