Tag: Employment

Freddie Mac News – True Lies – When Employers Twist the Truth – Dated December 16, 2020

Written by: Lloyd Rutherford, Staff Writer You never want to end up on the wrong side of fraud.  Even if you are innocent, you still have to contend with the cost of your defense.  Freddie Mac’s “True Lies” series is a great way to stay up to date on what they have uncovered in mortgage […]

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Fannie Mae & Freddie Mac – December Updates FAQs for COVID – NEW Mortgage Forbearance Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Trying to keep up with guideline changes can be challenging in normal environments.  Throw in COVID and now we have another layer to be concerned with.  Stay up to date on our monthly updates from the agency FAQs to learn what has changed. NEW Mortgage Forbearance Chart – All […]

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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 – Updated FAQs for COVID – Updated September 17, 2020 and Freddie Mac – Updated FAQs for COVID – Updated September 24, 2020

Written by: Lloyd Rutherford, Staff Writer The COVID FAQs from Fannie Mae and Freddie Mac are huge.  It is important to keep up with how COVID related issue will affect your clients now and into the future. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) […]

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Fannie Mae – DU Validation Service Release Notes – Effective October 17, 2020 & Best Practices for Income and Employment Verifications Job Aid

Written by: Lloyd Rutherford, Staff Writer With this guideline update Fannie Mae is making a big announcement that will affect your processing flow and rep/warranty status on your files. This is a must read for anyone in retail or wholesale origination. Rule Synopsis: Fannie Mae discontinues employment and income validation using manual reports. Fannie Mae […]

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