Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. 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 [...]
Answer: Mortgage Currentcy has a nice chart on this subject, but for further details, here are the guidelines from the manual. Reference: B4-2.2-01, Limited Review Process (06/05/2018) To be eligible for a Limited Review, the unit securing the mortgage must be an attached unit in an established condo project. Transactions Eligible for a Limited Review [...]
Written By: Lloyd Rutherford, Staff Writer This is one of those selling guide updates that contains a lot of small but very important updates. Take the time to read through those changes that apply to your business. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on [...]
Written By: Lloyd Rutherford, Staff Writer Important updates from Freddie Mac regarding Union Member workers, Master Condo policies and the revision of the 1077, which is the Underwriting Transmittal form. Read this update to learn about the new changes. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will [...]
Written By: Lloyd Rutherford, Staff Writer Freddie Mac continues to make some big changes to their guidelines. Sometimes they giveth and sometimes they taketh away. Read this update to see what is new and what has changed. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus [...]