Tag: Fannie Mae/Freddie Mac

Fannie Mae & Freddie Mac – Updated FAQs for COVID – Dated September 1, 2021

Written by: Lloyd Rutherford, Staff Writer As COVID restrictions on the housing market start to unwind the FAQs are an important way to update your knowledge about what rules are or are not in effect. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) changes to […]

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Tax & Insurance Liability When Client is Named in a Family Trust

Body Question: Our client’s name is on a property that is under a family trust. He is one of three trustees for this property, and it is owned free and clear. How do I handle the tax and insurance liability? Answer: If your client is only on the title, or in this case as trustee […]

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Fannie Mae & Freddie Mac Mid-Issue Update – Removing Some Temporary COVID Restrictions

Fannie Mae & Freddie Mac Issued an Important Update on August 11, 2021, regarding Removing Temporary COVID Restrictions. Changes are Effective Immediately! This is a summary of those changes.  A fully detailed article will be available in the upcoming rules issue. Important Note:  Agency Bulletins are available on the “Agency Bulletins Page” on Mortgage Currentcy […]

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Qualifying income limits are going DOWN in our area for the affordable programs of HomeReady® and HomePossible®, so let’s talk now before this happens! When income limits go down, this means that fewer clients qualify for the affordable home loan programs.  Let’s talk to help you determine the best time to buy your new home!

Qualifying income limits are going DOWN in our area for the affordable programs of HomeReady® and HomePossible®, so let’s talk now before this happens! When income limits go down, this means that fewer clients qualify for the affordable home loan programs.  Let’s talk to help you determine the best time to buy your new home!

Related Article Title: Fannie Mae HomeReady® Income Limit Changes and Freddie Mac Home Possible® Income Limit Changes for 2021 – Dated May 19 & 27, 2021 Written by: Lloyd Rutherford, Staff Writer This is an important update if you market HomeReady®, HomePossible®, or are planning on marketing the two new programs Fannie Mae RefiNow® or […]

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Qualifying income limits have gone UP in our area for borrowers with low to moderate-income.  Break the renting cycle with these affordable home loan programs. This may be a great time to see what your homeownership financing options are. PM, email, or comment below and let’s discuss your situation.

Qualifying income limits have gone UP in our area for borrowers with low to moderate-income.  Break the renting cycle with these affordable home loan programs. This may be a great time to see what your homeownership financing options are. PM, email, or comment below and let’s discuss your situation.

Related Article Title: Fannie Mae HomeReady® Income Limit Changes and Freddie Mac Home Possible® Income Limit Changes for 2021 – Dated May 19 & 27, 2021 Written by: Lloyd Rutherford, Staff Writer This is an important update if you market HomeReady®, HomePossible®, or are planning on marketing the two new programs Fannie Mae RefiNow® or […]

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