Tag: FHLMC

Freddie Mac Selling Guide Updates – Bulletin 2020-31 – Dated August 5, 2020

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is joining Fannie Mae in getting back to updating their underwriting guidelines that do not involve COVID.  Read through this update for some important changes to monthly obligations and appraisals. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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Fannie Mae – Updated FAQs for COVID – Dated July 29, 2020 and Freddie Mac – Updated FAQs for COVID – Dated July 29, 2020

Written by: Lloyd Rutherford, Staff Writer The agencies are being bombarded with questions during COVID.  This FAQ addresses many of the most common questions.  Take the time to read through these and make your life easier! 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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Freddie Mac News – True Lies – Forged CPA Letters – Dated July 22, 2020

Written by: Lloyd Rutherford, Staff Writer Keeping up on fraud in our industry is a tough task!  Thankfully, the agencies are good at detecting fraud and passing this information onto us.  This fraud update is especially timely as it deals with Forged CPA letters. Rule Synopsis: Freddie Mac issued their sixth edition of “True Lies”, […]

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Fannie Mae – Updated FAQs for COVID – Dated July 1, 2020 and Freddie Mac – Updated FAQs for COVID – Dated July 1, 2020

Written by: Lloyd Rutherford, Staff Writer What to do with COVID-19, and its impact on your clients, continues to evolve with the agencies.  Read through this update where the agencies address the latest FAQs. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID-related (temporary) changes to Mortgage Origination, […]

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Fannie Mae and Freddie Mac Issue Temporary Requirements for Documenting Self-Employed Income during Pandemic – FNMA LL-2020-03 and FHLMC Bulletin 2020-19

Written by: Lloyd Rutherford, Staff Writer COVID19 continues to impact underwriting guidelines.  To close your loans, you must keep up with the fast pace of changes!  This update reviews the incredible changes to self-employed borrowers. Rule Synopsis: The primary topic on the Bulletin for Freddie Mac 2020-19 and the updated Lender Letter 2020-03 from Fannie […]

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