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 [...]

2019-09-10T09:48:12-05:00September 10th, 2019|

Urgent FHA Update FHA Info #19-07 – Dated March 14, 2019

OBTAIN YOUR FHA CASE NUMBERS FOR FILES IN PROCESS PRIOR TO MARCH 18, 2019 IF POSSIBLE TO AVOID NEW, MORE STRINGENT UNDERWRITING EVALUATION STANDARDS BEING IMPLEMENTED IN TOTAL SCORECARD. FHA just released announcement INFO#19-07 that states the following:FHA’s TOTAL Mortgage Scorecard updates begin to address the concerns with mortgages with higher-risk characteristics — particularly when [...]

2019-03-14T19:17:30-05:00March 14th, 2019|