Tag: condominium

Fannie Mae – Limited Review Condo Process: What are the requirements for limited review condominiums? [Condominium Limited Review – Fannie & Freddie – Chart]

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 […]

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Freddie Mac – Multiple Selling Guide Updates – Bulletin 2019-4 – Dated February 6, 2019 – Effective Immediately

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 […]

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Freddie Mac Multiple Selling Guide Updates – Bulletin 2018-24 – Dated December 5, 2018

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 […]

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Freddie Mac- Multiple Selling Guide Updates – Bulletin 2018-18 – Dated October 17, 2018 [NEW MTP™ Freddie Mac HomePossible® Program|UPDATED Condo Eligibility Chart|Updated 97% Fannie vs. Freddie Chart|UPDATED MTP™-Freddie Condos That Don’t Qualify]

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 […]

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Freddie Mac – Multiple Selling Guide Updates – Bulletin 2018-13 – Dated August 29, 2018-Multiple Effective Dates – UPDATED 97% Chart – UPDATED Student Loan Chart

Written By: Lloyd Rutherford, Staff Writer Updates, changes, consolidations, effective dates…Wow!  Freddie was busy this month.  There are a lot of changes here, so be sure to read through them all to stay up to date! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on […]

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