Tag: Escrow

Fannie Mae Selling Guide Announcement SEL–2020-02 – Dated April 1, 2020

Written by: Lloyd Rutherford, Staff Writer While ARMs are not all the rage right now due to the current low rate environment, we all know this can turn quickly.  That’s why it’s important to stay up to date on the changes in this arena.  Read through this article for some important updates to the ARM […]

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Will Fannie or Freddie allow an escrow waiver for flood insurance?

Question: Do either Fannie Mae or Freddie Mac allow escrow waivers when a property is in a flood zone, or is it mandatory to escrow? Flood Insurance Requirements – All Agency Chart Answer: Escrow waiver policies for Fannie Mae and Freddie Mac are outlined below in the Reference section.  I see nothing here that makes […]

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Fannie Mae – Selling Guide Announcement SEL-2019-01 – Dated February 6, 2019

Written By: Lloyd Rutherford, Staff Writer Several selling guide updates were issued to clarify policy.  Read this article to stay up to date on those changes. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this […]

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