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Fannie Mae Homeownership Education Updates

Written by: Lloyd Rutherford, Staff Writer If you work with the HomeReady® program, this update contains some important announcements about the Homeownership Education requirement. Rule Synopsis: Fannie Mae eliminates the cost of homeownership education! Effective October 23, 2019. Fannie Mae makes policy changes for the HomeReady® product and their standard LTV loans that exceed 95%, [...]

Brandon Butler2019-10-09T12:59:11-05:00October 10th, 2019|

Fannie Mae SEL–2019-08 – Employment Contracts, Rental Income, AML – Dated October 2, 2019

Written by: Lloyd Rutherford, Staff Writer This is a small bulletin, but big update, so be sure to read through the details carefully. 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 in this Selling Guide Announcement [...]

Brandon Butler2019-10-10T15:27:47-05:00October 10th, 2019|