FAQ Issue

Freddie Mac FAQ’s for Duty to Serve – Topic is: Single-Close Financing for Manufactured Housing – Dated April 2018 – Effective Immediately

By: Lloyd Rutherford, Staff Writer If you offer manufactured housing financing, or would like to branch into that area, Freddie has issued an FAQ on their new Single-Close option for Manufactured Housing.  Be sure to read through this to get familiar with this new option. Rule Synopsis: Freddie Mac created an FAQ for questions surrounding [...]

2018-05-29T14:47:47-05:00May 9th, 2018|

Fannie Mae Property Inspection Waiver FAQ – Updated May 1, 2018

By: Lloyd Rutherford, Staff Writer Property Inspection Waivers can be a great time and money saver for your borrowers.  In this update FAQ for PIWs Fannie Mae addresses some important questions that you need to know. Rule Synopsis: Fannie Mae updates their FAQ document for Property Inspection Waiver on May 1, 2018. The FAQ document [...]

2018-05-29T16:36:03-05:00May 9th, 2018|

Fannie Mae HomeReady FAQ’s and HomeReady Product Matrix – Updated March 22, 2018 – New Fannie Mae Chart Added – HomeReady Matrix™

By: Lloyd Rutherford, Staff Writer Fannie Mae has added to their HomeReady™ FAQ document and issued a HomeReady™ Product Matrix.  If you work with the HomeReady™ program, be sure to read this update. Rule Synopsis: Fannie Mae updated their HomeReady™ FAQ document and their Product Matrix – the update really was to adapt the links [...]

2018-05-29T16:42:19-05:00May 9th, 2018|

Fannie Mae – HomeStyle® Renovation FAQs – Dated March 20, 2018 and HomeStyle® Renovation Mortgage Product Matrix – Dated March 9, 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae is rolling out their best efforts to help origination staff better understand the HomeStyle® program.  Read this article and check out all of the resources on Mortgage Currentcy to help you jump start this niche business! Rule Synopsis: Fannie Mae has published their first version of an FAQ [...]

2018-05-29T17:35:04-05:00April 9th, 2018|

Fannie Mae – 97% LTV Options for Purchases and Limited Cash-Out Refinances – Updated February 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae has updated their FAQs for 97% LTV Options for Purchases and Limited Cash-Out Refinances.  Excellent clarification contained in this article, so be sure to read it and update your knowledge. Rule Synopsis: Fannie Mae updated their 97% LTV Options for Purchases and Limited Cash-Out Refinances FAQ document. The [...]

2018-05-31T09:17:31-05:00March 9th, 2018|