Tag: FNMA

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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Fannie Mae Selling Guide Announcement SEL–2020-05 – Dated September 2, 2020 – NEW MTP™ Accessory Unit Standards – What You Need to Know!

Written by: Lloyd Rutherford, Staff Writer Trends in living spaces are changing.  Whether it is a young adult living at home or an aging relative, accessory dwelling units are a popular trend.  Read this update to learn important updates from Fannie Mae. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of […]

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Fannie Mae SEL–2020-04 – Dated August 5, 2020 and DU Version 10.3 August Update – Dated July 29, 2020 – Updated Solar Panels Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Finally, we are getting guideline updates that do not center on COVID!  In this article stay up to date on Fannie Mae’s latest policy updates and changes. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that […]

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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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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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