Tag: FNMA

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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Fannie Mae & Freddie Mac – December Updates FAQs for COVID – NEW Mortgage Forbearance Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Trying to keep up with guideline changes can be challenging in normal environments.  Throw in COVID and now we have another layer to be concerned with.  Stay up to date on our monthly updates from the agency FAQs to learn what has changed. NEW Mortgage Forbearance Chart – All […]

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Fannie Mae – Updated FAQs for COVID – Updated September 17, 2020 and Freddie Mac – Updated FAQs for COVID – Updated September 24, 2020

Written by: Lloyd Rutherford, Staff Writer The COVID FAQs from Fannie Mae and Freddie Mac are huge.  It is important to keep up with how COVID related issue will affect your clients now and into the future. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) […]

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Land Contract Deed Rules – Executed or Recorded?

Question: The Land Contract rules for Fannie Mae state that in order to refinance the property, the contract for Deed must have been executed at least 12 months prior to application date.  Is this executed date or recorded date? MC Land Contracts Chart – Fannie Mae & Freddie Mac Answer: I am going to suggest […]

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Fannie Mae Selling Guide Announcement SEL–2020-03 – Updated August 27, 2020

Written by: Lloyd Rutherford, Staff Writer The scariest phrase in mortgage lending today is “Self-Employed Borrower”.  The agencies have gotten hypersensitive to those who own their own companies during a pandemic.  Read through this article to hear a “true confession” and the resources you need to work with clients that are self-employed! Rule Synopsis: Fannie […]

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