Flood Insurance

Does FHA now allow private flood insurance?

Answer: No. The FHA policy requiring an NFIP coverage has not changed. See the official statement from FHA below from their FHA FAQ Database. Reference: FHA FAQ Database Can I purchase private flood insurance instead of an NFIP policy? No, private flood insurance will not satisfy FHA’s National Flood Insurance Program (NFIP) flood insurance coverage [...]

2019-07-23T10:16:18-05:00July 25th, 2019|

Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-11 – Dated June 5, 2019 – Effective Immediately

Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The [...]

2019-06-07T12:55:09-05:00June 10th, 2019|

Fannie Mae Selling Guide Announcement SEL-2018-09 – Dated December 4, 2018

Written By: Lloyd Rutherford, Staff Writer Fannie Mae has just released some interesting updates that are sure to keep you one step ahead of your competition.  Read through this article to find out what they are and how to get this information out to your referral sources before your competition. Rule Synopsis: Fannie Mae is updating [...]

2018-12-10T08:35:16-05:00December 10th, 2018|

Freddie Mac Multiple Selling Guide Updates – Bulletin 2018-21 – Dated November 13, 2018-Effective Immediately – GreenCHOICE™ Effective May 19, 2019. NEW MTP™ New GreenCHOICE™ Mortgage

Written By: Lloyd Rutherford, Staff Writer Homeowners and Homebuyers are getting more and more options from the agencies, which means more opportunities for you to expand your business.  In this article, Freddie Mac releases a new program that is sure to help you bring more business in the door. Rule Synopsis: Freddie Mac is updating their [...]

2018-12-10T08:33:40-05:00December 10th, 2018|