Tag: ARM

Fannie Mae Selling Guide Announcement LL 2021-11 and Freddie Mac Bulletin 2021-19- Both dated May 26, 2021

Written by: Sue Villanova, Staff Writer Fannie and Freddie are getting serious on providing additional details and eligibility on the Revised General QM Rule and its implementation. Rule Synopsis: The QM patch is going away, the Revised General QM rule is the new flavor of the day, and it all starts with new policies and […]

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CFPB Issues new “CHARM” Booklet

Written by:  Tammy Butler, Master CMB-Publisher If you are newer to the industry, you may not even know what a “CHARM” Booklet is, because interest rates have been so low! CHARM is short for  Consumer Handbook on Adjustable Rate Mortgages.  You are required to provide this to anyone getting an ARM [Adjustable Rate Mortgage] loan. […]

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Fannie Mae – Selling Guide Announcement SEL-2019-01 – Dated February 6, 2019

Written By: Lloyd Rutherford, Staff Writer Several selling guide updates were issued to clarify policy.  Read this article to stay up to date on those changes. 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 updates announced in this […]

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