Rules – October 10, 2018

Freddie Mac – Multiple Selling Guide Updates – Bulletin 2018-15 – Dated September 19, 2018 [NEW Checklist – Conventional Property Conditions]

Written By: Lloyd Rutherford, Staff Writer Freddie Mac is making some game-changer updates that should help you close more loans.  Read through this update and revisit any clients that may not have qualified, but now do! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on [...]

2018-10-10T10:10:44-05:00October 10th, 2018|

Fannie Mae Selling Guide Announcement SEL-2018-08 – Dated September 2, 2018-Effective Immediately [NEW Chart – Using Employment-Related Assets for Income]

Written By: Lloyd Rutherford, Staff Writer Fannie Mae continues to make the originator’s life easier by helping more borrowers that “make sense” qualify for home loans.  Read through this update to see the new changes and tips on getting the word out to your clients. Rule Synopsis: Fannie Mae is updating their selling guide for [...]

2018-10-10T09:56:45-05:00October 10th, 2018|

VA Circular 26-18-19, Annual Increase in Construction Cost Index & Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants, Dated-September 27, 2018-Effective Oct. 1, 2018 [UPDATED MTP™-VA Specially Adapted Housing Grants]

Written By: Tracey Rumsey, Staff Writer VA increased their grant program to assist disabled Veterans in making needed modifications to their existing home or new home.  This is a great program to understand and one where you can really help out the Veterans in your area. Rule Synopsis: Effective October 1, 2018, the Department of [...]

2018-10-10T09:54:26-05:00October 10th, 2018|

Manufactured Homes with Higher-Pitched Rooflines, Attached Carports, Dormers and More?  Yep!  Fannie Mae’s new MH Advantage program works with builders to accomplish this.  Let’s talk, as this may be a good option for a great new home!

Written By: Lloyd Rutherford, Staff Writer We are loving that Fannie Mae is now publishing appraiser updates as there are always a lot of questions about appraisals and collateral.  Read our expert’s interpretation of what you need to know to stay up to date! Rule Synopsis: Fannie Mae publishes their second Appraiser Update in their newsletter [...]

2018-10-10T09:57:30-05:00October 10th, 2018|