Tag: Commission Income

VA Circular 26-19-09 – VA Policy Change Regarding Unreimbursed Employee Business Expenses Dated March 15, 2019 – Effective immediately

Written By: Tracey Rumsey, Staff Writer Form 2106 used to be an originator’s nightmare.  Now VA has something to say about it! Rule Synopsis: In order to comply with the Tax Cuts and Jobs Act of 2017, VA has removed the requirement for consideration of Internal Revenue Service (IRS) Form 2106 unreimbursed employee expenses, with […]

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Freddie Mac – Loan Product Advisor Release Notes – Dated March 31, 2019

Written By: Lloyd Rutherford, Staff Writer A loan originator’s greatest talent may be understanding how to use the AUS systems.  The agencies provide ample information and resources to help you get it right the first time. This article highlights the release notes for March and April. Rule Synopsis: Freddie issues March update to Loan Product Advisor […]

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Freddie Mac – Multiple Selling Guide Updates – Bulletin 2019-5 – Dated March 6, 2019 – Updated-Divorced & Separated Borrowers Chart – All Agencies

Written By: Lloyd Rutherford, Staff Writer This is a big update with a lot of important changes from Freddie Mac.  Take the time to digest the upcoming rule changes by reading through this article and the accompanying bulletin. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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