CFPB-TRID-RESPA FAQs Update – Loan Estimates

Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements. In this update the bureau addresses frequently asked questions on Loan Estimates. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules. They communicate these clarifications through the TRID-RESPA FAQs, which [...]

2019-08-09T13:33:31-05:00August 12th, 2019|

Fannie Mae – Multiple FAQs – High LTV & HomeReady®

Written by: Lloyd Rutherford, Staff Writer HomeReady may have changed their AMI requirements, but did you know that there are other ways to structure the loan to assist your clients? Learn the secrets from our expert in this article. Rule Synopsis: Fannie Mae issued multiple FAQs and other supporting documentation for their High LTV lending [...]

2019-08-09T13:30:06-05:00August 12th, 2019|

Fannie Mae’s Top Trending Questions – Dated May 2019

Written by: Lloyd Rutherford, Staff Writer Keeping up with rule changes is a challenge for even the most experienced underwriter or originator. That is part of the value of Mortgage Currentcy! In this article, Fannie Mae has updated their “trending questions” to keep you even more in the know! Rule Synopsis: Fannie Mae FINALLY updated [...]

2019-08-09T13:29:44-05:00August 12th, 2019|

Fannie Mae – FAQs for Appraisal Waivers – Dated June 24, 2019 – NEW MTP™ – Fannie Mae Properties Eligible for Appraisal Waivers

Written By: Lloyd Rutherford, Staff Writer Appraisal waivers are fantastic if your file qualifies for them! Keep up to date with this most recent FAQ from Fannie Mae on this subject. Rule Synopsis: Fannie Mae has updated their FAQ document for appraisal waivers. Interpretive Comments: I think we can all agree that any advance we [...]

2019-07-09T11:34:21-05:00July 10th, 2019|

Freddie Mac – FAQ’s: Single Family Website Redesign – May 2019

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is taking the time and effort to make searching for a guideline easier than before. If you work with Freddie Mac, read through this article to find out how they are reshaping their guideline portal. Rule Synopsis: Freddie Mac releases an FAQ for questions relating to their [...]

2019-06-07T10:44:26-05:00June 10th, 2019|