Tag: Condotel

Fannie Mae Appraiser Update – Dated December 2020

Written by: Lloyd Rutherford, Staff Writer The appraisal can make or break your client’s loan.  You spend all of that time originating and processing a loan only to have it blow up in the appraisal review.  Keeping up with the Facts vs. the Myths helps you close more loans. Rule Synopsis: Fannie Mae publishes a […]

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Fannie Mae – Selling Guide Announcement SEL–2020-06 – Dated October 7, 2020

Written by: Lloyd Rutherford, Staff Writer Fannie Mae updates are always an important read.  These are the updates where you will find clarification or rule changes that could directly impact your pipeline. This month’s update is a must read for all! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. […]

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Fannie Mae Selling Guide Announcement SEL-2018-05 – Dated June 5, 2018 – NEW CHART-Manufactured Homes-All Agencies-UPDATED Chart-Condo Project Reference Chart-UPDATED MTPs™ Fannie Condo Project Approval Rules-Fannie Prohibited Condos, NEW MTP™ – Manufactured Homes Back in Fashion

By: Lloyd Rutherford, Staff Writer Manufactured Homes are becoming a strong and viable alternative in areas where prices have become unaffordable for many buyers.  The new options in this sector are looking pretty nice, and gone are many of the “old stigmas” about manufactured housing.  All originators should take a look at this update to […]

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