Documentation

FHA – Expired Green Card: Our applicant has an expired Green Card and was told it could take up to a year to get the new one. Will FHA accept this? [Includes Visa Status Chart]

Answer: Research on this topic reveals that long delays for Green Card renewals are a current problem.  FHA doesn’t provide details on acceptable documentation in these cases, but they do require that the borrower provide proof of lawful residency, which your borrower cannot do with only an expired Green Card.  While I can’t speak to [...]

2018-11-25T20:30:40-05:00November 25th, 2018|

Fannie Mae DU Validation Service FAQ’s – Updated January 16, 2018

By: Lloyd Rutherford, Staff Writer Using DU can be a complete pleasure or a real pain!  As lenders have questions, Fannie releases updated DU Validation Service FAQs.  It’s important to read through these as they are issued to correct any issues you may be having. Rule Synopsis: Fannie Mae updated their DU Validation FAQ document. [...]

2018-06-01T13:06:33-05:00February 9th, 2018|