Tag: Fannie Mae

Fannie Mae just announced that they will finance Single-Width Manufactured Homes. If you would like to find out more about this program, PM me.

Fannie Mae just announced that they will finance Single-Width Manufactured Homes. If you would like to find out more about this program, PM me.

Related Article Title: Fannie Mae Selling Guide Updates – SEL-2020-07 – Dated December 16, 2020 Written by: Lloyd Rutherford, Staff Writer Selling guide updates are always an important read!  This month there are some big changes that will help you do more business. Rule Synopsis: Fannie Mae is updating their selling guide for a variety […]

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Fannie Mae does not consider prorated tax credits as an interested party contribution. However, they cannot be used to determine if a borrower has sufficient assets for the transaction.

Fannie Mae does not consider prorated tax credits as an interested party contribution. However, they cannot be used to determine if a borrower has sufficient assets for the transaction.

Related Article Title: Fannie Mae Selling Guide Updates – SEL-2020-07 – Dated December 16, 2020 Written by: Lloyd Rutherford, Staff Writer Selling guide updates are always an important read!  This month there are some big changes that will help you do more business. Rule Synopsis: Fannie Mae is updating their selling guide for a variety […]

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Myth Alert! Did you know that Fannie Mae does NOT require comparables to be within one mile? The fact is Fannie Mae expects appraisers to use the comps that most accurately support the value of the subject property. This could mean sales further from the subject property, older sales, or many other reasons. Questions?  Let’s Chat!

Myth Alert! Did you know that Fannie Mae does NOT require comparables to be within one mile? The fact is Fannie Mae expects appraisers to use the comps that most accurately support the value of the subject property. This could mean sales further from the subject property, older sales, or many other reasons. Questions?  Let’s Chat!

Related Article Title: Fannie Mae Appraiser Update – Dated December 2020 Written by: Lloyd Rutherford, Staff Writer The appraisal can make or break your client’s loan.  You spend all of that time originating and processing a loan only to have it blow up in the appraisal review.  Keeping up with the Facts vs. the Myths […]

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Fannie Mae Lender Letter 2021-01 – Dated January 6, 2021

Written by: Lloyd Rutherford, Staff Writer Production was out of control in 2020 and is expected to be robust in 2021 as well.  When this happens, loan quality seems to suffer.  Consider this Lender Letter from Fannie Mae to be a warning about Appraisal quality and the lender’s need to pay attention to avoid buybacks! […]

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Fannie Mae Selling Guide Updates – SEL-2020-07 – Dated December 16, 2020

Written by: Lloyd Rutherford, Staff Writer Selling guide updates are always an important read!  This month there are some big changes that will help you do more business. 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 […]

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