Issue: Rules – March 10, 2021

Fannie Mae – DU/DO Release Notes DU Version 11.0 – Dated February 10, 2021 – Effective March 13, 2021

Written by: Lloyd Rutherford, Staff Writer Wow!!  Fannie Mae is dropping the hint that DU approvals and conditions may vary by lender. So, who you work for may help or harm you!  Read this article to find out more. Rule Synopsis: Fannie Mae will be releasing DU Version 11.0 – the newest DO/DU Version to […]

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Freddie Mac Selling Guide Updates – Bulletin 2021-9 – Dated March 3, 2021 – Multiple Effective Dates

Written by: Lloyd Rutherford, Staff Writer This selling guide update has a couple of small surprises and one big one.  Be sure to read through this article to determine what you need to check in your pipeline! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus […]

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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 Issues Fact Sheet for Successfully Executing IRS Form 4506-C and Reverifying Tax Transcripts – Dated February 2021

Written by: Lloyd Rutherford, Staff Writer The new IRS 4506-C is required on or before May 1, 2021.  While this may seem like just a form change, the truth is that there are many details surrounding this that everyone needs to understand.  Read this article to update your knowledge on the important points. Rule Synopsis: […]

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VA, Certificate of Eligibility (COE) Enhancements to Streamline Income Verification – Circular 26-21-03 – Effective March 19, 2021.

Written by: Tracey Rumsey, Staff Writer VA is making procedural changes to the certificate of eligibility and verification of benefits.  These are important changes, so if you work with Veteran clients you need to read this update. Effective date March 19, 2021 Summary Beginning March 19, 2021, lenders should no longer submit VA Form 26-8937, […]

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