Tag: Boarder Income

Short-Term Rental Income – VRBO & AirBNB

Question: My client has a single-family home with a small carriage house.  They rent out the carriage house through AirBNB on a short-term basis.  The income is on their tax returns.  Can we use this income? Answer: Here is what FNMA says about this topic from a conversation I recently exchanged with them through email […]

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Fannie Mae – Multiple FAQs – High LTV & HomeReady®

Written by: Lloyd Rutherford, Staff Writer HomeReady may have changed their AMI requirements, but did you know that there are other ways to structure the loan to assist your clients? Learn the secrets from our expert in this article. Rule Synopsis: Fannie Mae issued multiple FAQs and other supporting documentation for their High LTV lending […]

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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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