Tag: DTI

Freddie Mac Selling Guide Updates – Bulletin 2020-31 – Dated August 5, 2020

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is joining Fannie Mae in getting back to updating their underwriting guidelines that do not involve COVID.  Read through this update for some important changes to monthly obligations and appraisals. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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Fannie Mae’s Top Trending Questions – Dated June 22, 2020

Written by: Lloyd Rutherford, Staff Writer If there is a trending question with the agencies, then this means that multiple people are asking it.  The trending FAQs is an excellent way to quickly stay up to date and learn new things. Rule Synopsis: Fannie Mae updated their top trending questions. There are 24 questions and […]

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Fannie Mae – DU/DO Release Notes DU Version 10.3 May 2020 Update – Dated April 15, 2020 – Effective May 16, 2020

Written by: Lloyd Rutherford, Staff Writer The more that you know about how to use DU/DO, the more success you will have when you try to get a loan approved.  Take advantage of our expert’s notes in this article. Rule Synopsis: Fannie Mae announces an update to DU Version 10.3. The changes in this release […]

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Freddie Mac Postpones Income Changes Addressed in Bulletin 2019-20 – Postponed to July 2020

Written by: Lloyd Rutherford, Staff Writer It looks like Freddie Mac has received industry feedback that caused them to reconsider the timing of their new income guidelines.  Read through this article for the latest updates about how it may impact your business. Rule Synopsis: Freddie Mac is postponing the income changes they proposed in Bulletin […]

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USDA – Major Revisions to Chapter 11 – Ratio Analysis

Written by: David Hail, Staff Writer The revisions to technical handbook HB-1-3555 Chapter 11, Ratio Analysis, are significant and require your full attention if you are originating these types of loans. Rule Synopsis: USDA Rural Development announced on January 29, 2020 that they will soon publish a revision to technical handbook HB-1-3555 Chapter 11, Ratio […]

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