Rules – March 10, 2018

Fannie Mae-HomeReady® FAQ’s – Updated January 24, 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae expanded their HomeReady® FAQ document to assist more lenders in using the program.  This is a great program to know and understand, so take the time to read through this update and the materials referenced. Rule Synopsis This document has 39 total questions. Fannie Mae has not updated [...]

2018-05-31T09:18:04-05:00March 9th, 2018|

VA – Policy Reminder Regarding Lender’s Payment of VA Loan Costs – VA Circular 26-18-4, February 23, 2018 – Effective Immediately

By: Tracey Rumsey, Staff Writer VA is issuing a policy reminder on lender’s payment of VA loan costs.  Apparently, there are lenders practicing their creativity.  Be sure to read through this to ensure your practices are equal to the policy as they rarely issue reminders unless there have been issues with lenders. Rule Synopsis: This [...]

2018-05-31T09:36:05-05:00March 9th, 2018|

Fannie Mae SEL-2018-02 (2-28-2018) UPDATED (FNMA Form 1035)-(HomeStyle Renovation vs. HomeStyle Energy Chart)-(MTP-Energy Improvement Financing)-(MTP-Using HomeStyle® Energy to Sell More Homes)-(MTP-Fannie Mae HomeStyle® Renovation Loans)

Wow!  Big changes that can impact your business in a positive way are being made to HomeStyle® Renovation and HomeStyle® Energy programs.  If you have not participated in this program, Fannie is now opening it up to all!  Read this article and you may just discover a new niche. Rule Synopsis Fannie Mae is updating [...]

2018-05-31T09:37:03-05:00March 9th, 2018|