Tag: Credit

Manually Underwriting a VA Loan

Question: Will VA allow a Manually Underwritten loan for a borrower with no credit score?  NEW Chart – VA Manual Underwriting Guidance Answer: VA does not have a minimum credit score requirement, but all secondary markets I’ve ever come across have minimum credit score requirements. VA does not have a clear set of Manual Underwriting […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

One Borrower with No Credit Score

Question: One of my borrowers does not have a credit score, yet we are receiving an approve eligible in DU. Are we able to have a borrower with no score? MC Chart – Non-Traditional Credit Guidelines – All Agency Comparison Answer: Fannie and Freddie do not have a minimum number of tradelines / credit depth […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Fannie Mae’s Top Trending Questions – Dated June 30, 2021

NOTE:  Mortgage Currentcy Links Each Agency’s Latest FAQs under the agency in the “Charts & Checklists” link.   Written by: Lloyd Rutherford, Staff Writer The Top Trending questions or FAQs from the agencies are one of the best ways to get clarification on situations you may not run into every day such as self-employed borrowers.  Many […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Fannie Mae’s Top Trending Questions – Dated March 23, 2021

Written by: Lloyd Rutherford, Staff Writer One of the best ways that you can learn is to commit to reading the FAQs or Top Trending Questions published by the agencies.  This article contains the latest Trending Questions, and we will bet that you learn a lot! Rule Synopsis: Fannie Mae updated their top trending questions. […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

USDA – Updates to Chapter 10 and Chapter 11

Written by: David Hail, Staff Writer USDA lenders, this is a massive update so heads up.  Our expert breaks down the “New”, “Clarifications” and “Reminders” announced by the agency. Rule Synopsis: The great news is that the revisions to Chapter 10 “Credit Analysis” and Chapter 11 “Ratio Analysis” USDA Rural Development announced were coming in […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top