Rules – May 10, 2017

Fannie Mae Updates FAQ Documents for Project Insurance and Project Standards Requirements

Rule Synopsis: Fannie Mae updated their FAQ document to address the changes recently announced in Fannie Mae Selling Guide Announcement SEL-2017-04 (see related article in this issue – Fannie Mae Updates Multiple Changes). The changes impact Selling Guide sections B4-2.1-01, General Information on Project Standards; B4-2.2-04, Geographic-Specific Condo Project Considerations; B4-2.2-07, Project Eligibility Review Service (PERS); [...]

2018-10-27T19:33:11-05:00November 4th, 2017|

Fannie Mae Updates Multiple Changes – Student Loans, Condominiums; Debts Paid by Others and Properties Listed for Sale

Updated Chart on 5/9/2018 – Student Loan Chart/Checklist- FHA/VA/USDA/Conventional Comparison Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. The updates announced in this Selling Guide Announcement that apply to origination are: New Fannie calculation for student loan payments. Payment on credit report or 1% of loan balance, allowing more [...]

2018-05-10T13:24:30-05:00November 4th, 2017|