Tag: Assets

Fannie Mae – DU/DO Release Notes DU Version 10.3 December 2019 Update – Dated October 9, 2019 – Effective December 7, 2019

Written by: Lloyd Rutherford, Staff Writer Reading through and understanding the DU/DO release notes helps you get the answers you want or need sooner from the system. There are a lot of updates in this release, so take a few minutes to read through this article. Rule Synopsis: Fannie Mae announces an update to DU […]

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Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 July 2019 Update – Dated May 21, 2019 – Effective July 20, 2019

Written by: Lloyd Rutherford, Staff Writer DU users this is an important update that will clarify some recent changes that you need to know and one that none of us expected to see! Rule Synopsis: Fannie Mae announces an update to their newest DU Version: DU Version 10.3. The changes announced in this release will […]

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Freddie Mac Bulletin – 2019-7 – Multiple Selling Guide Updates – Dated April 3, 2019 – Effective July 3, 2019 and February 1, 2020. [NEW Chart – Fannie Mae vs. Freddie Mac Underwriting Differences]

Written By: Lloyd Rutherford, Staff Writer This update contains a lot of exciting news that is sure to expand your business or make it easier. 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 updates announced in this Selling […]

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Fannie Mae – Job Aid: Flexibilities for Creditworthy Borrowers – Dated October 2018

Written By: Lloyd Rutherford, Staff Writer Many mortgage professionals seem to struggle with inputting information into DU and DO.  Sometimes it’s the little tips that make your life easier, and this article provides those to you. Rule Synopsis: Fannie Mae has issued a job aid to assist lenders with input tips/requirements to give you confidence […]

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USDA – Revisions to USDA Rural Development HB-1-3555 Chapter 9 “Income Analysis”-Advance Notice-Effective Date Pending [NEW MTP-The Top 10 USDA Changes to Income-Related Requirements]

[Update:  Released 10-17-2018 – Official Effective Date of 12-15-2018 for Guideline Changes. See Agency Announcement in Supporting Resources.] Written By: David Hail, Staff Writer Big changes are on the horizon for USDA with regard to income analysis.  If you work with USDA loans, you must read this update and the attached releases.  Be sure to spread […]

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