Issue: Rules – September 10, 2019

VA Circular 26-19-23, Blue Water Navy Vietnam Veterans Act of 2019, Effective for loans closed on or after January 20, 2020

Written by: Tracey Rumsey, Staff Writer The Blue Water Act is a game changer for VA downpayments in high-cost areas. But there are details you need to know! Read this article to find out more. Rule Synopsis: Effective with loans closed on or after January 1, 2020: For loans in excess of $144,000, the Freddie […]

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Freddie Mac Selling Guide Updates – Bulletin 2019-17 – Dated August 7, 2019

Written by: Lloyd Rutherford, Staff Writer This Freddie Mac update offers some great nuggets of education and sales opportunities in your market. Read through this update to find out more. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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What Was Added? What Was Changed on Mortgage Currentcy?

Welcome to our new feature on Mortgage Currentcy, which is designed to keep you up to date with all of the good stuff we add or change on our site each month. In each Rules Issue, we will post “What was Added and What Was Changed!” NEW Additions This Month Charts & Checklists: FHA Project […]

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Fannie Mae Selling Guide Announcement SEL–2019-07 – Dated August 7, 2019

Written by: Lloyd Rutherford, Staff Writer The manufactured home industry is growing rapidly, and this update is just what you may need to consider adding to your book of business. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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FHA New Condominium Section of Handbook 4000.1, FHA Info #19-34, Effective October 15, 2019. NEW CHART – FHA Condominium Project Approval Requirements

Written by: Tracey Rumsey, Staff Writer Big changes on the FHA Condominium front. If you work with condominiums, this is a must STUDY article as well as the other article published this month regarding the process for FHA Spot Approvals. Rule Synopsis: Case numbers assigned on or after October 15, 2019 and/or Condominium Project Approvals […]

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