Written by: Tammy Butler, Publisher New Chart – USDA – Chapter 9 – Attachment 9A – Old vs. New Guidance In our March Rules issue, our USDA expert David Hail wrote an article about the advanced copy of rules changes for Chapter 9. Left unchanged the new rules were effective 30 days after the notice. […]
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Written by: David Hail, Staff Writer USDA is cranking out a massive amount of Chapter updates with extensive changes and clarifications. Anyone working with USDA needs to keep up with these guideline updates and clarifications that our USDA expert outlines for you in this article. Rule Synopsis “Income Analysis” (Chapter 9) is one of the […]
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Question: My client has a large deposit from a 1099 invoice for a project he was contracted for. Will Fannie Mae or Freddie Mac allow us to use this as assets? Answer: Based on what I see in the guidelines below, there is flexibility when documenting a large deposit. A lender may choose (or not […]
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