Community Seconds

Fannie Mae Updates their Fact Sheet for Community Seconds and their Community Seconds Checklist – Dated July 2018

Written By: Lloyd Rutherford, Staff Writer If you understand how to use community seconds, especially in high cost areas, you have a leg up on your competition!  Read this article to understand how these are used and how they can help you gain more business. Rule Synopsis: Fannie Mae recently updated their requirements for Community [...]

2018-08-09T19:01:22-05:00August 9th, 2018|

Fannie Mae Selling Guide Announcement SEL-2018-04 – Dated May 1, 2018 – Effective Immediately – NEW Chart – Fannie Mae Community Second Checklist & Fannie Mae Community Second-Fact Sheet

By: Lloyd Rutherford, Staff Writer Fannie Mae has big news regarding community seconds and PIWs.  Be sure to fill up your knowledge tank with this update! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. For lenders that are full [...]

2018-05-29T16:37:24-05:00May 9th, 2018|

Fannie Mae HomeReady FAQ’s and HomeReady Product Matrix – Updated March 22, 2018 – New Fannie Mae Chart Added – HomeReady Matrix™

By: Lloyd Rutherford, Staff Writer Fannie Mae has added to their HomeReady™ FAQ document and issued a HomeReady™ Product Matrix.  If you work with the HomeReady™ program, be sure to read this update. Rule Synopsis: Fannie Mae updated their HomeReady™ FAQ document and their Product Matrix – the update really was to adapt the links [...]

2018-05-29T16:42:19-05:00May 9th, 2018|