Fannie, FHA & USDA– Divorced – Contingent Liabilities: Is there a waiting period for not counting a liability that was assigned to an ex-spouse by court order? [MC Divorced Borrower Chart]
Answer – Fannie Mae Says: Neither Fannie or Freddie require a minimum period of time as long as the debt has been assigned and the lender documents via appropriate pages from divorce decree. Reference:Â Fannie Mae B3-6-05, Monthly Debt Obligations (01/30/2018) Court-Ordered Assignment of Debt When a borrower has outstanding debt that was assigned to [...]