Tag: Freddie Mac

Freddie Mac Selling Guide Updates – Bulletin 2020-36 – Dated September 2, 2020 – Updated “Grossing Up Income Chart”

Written by: Lloyd Rutherford, Staff Writer Freddie Mac is getting back into the rhythm of guideline changes and clarifications.  This update includes some important changes that may have you considering using Fannie Mae for some types of income! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will […]

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Wedding Gifts & Buying a Home! Did you know that wedding gifts deposited into your bank account 90 days or less from the date of your marriage license can be used to purchase a home?  For many of my clients these gifts have been the boost that they needed to buy a home.  Getting married?  Let’s chat!

Wedding Gifts & Buying a Home! Did you know that wedding gifts deposited into your bank account 90 days or less from the date of your marriage license can be used to purchase a home?  For many of my clients these gifts have been the boost that they needed to buy a home.  Getting married?  Let’s chat!

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2020-36 – Dated September 2, 2020 – Updated “Grossing Up Income Chart” Written by: Lloyd Rutherford, Staff Writer Freddie Mac is getting back into the rhythm of guideline changes and clarifications.  This update includes some important changes that may have you considering using Fannie Mae […]

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Is a Waiting Period Waived for Derogatory Credit for High Credit Score Buyers?

Question: I have heard that Freddie Mac no longer has a waiting / time period from bankruptcy and foreclosure as long as the declarations are marked correctly, and you have an LP approval. However, I cannot find this anywhere in writing. I have someone with a 700+ credit score with reestablished credit but just under […]

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Medical Collections & Investment Property Financing

Question: How do Fannie Mae and Freddie Mac look at medical collections for an investment property? MC Chart – Collections & Judgments Answer:For Fannie: DU Underwritten Loans For one-unit, principal residence properties, borrowers are not required to pay off outstanding collections or non-mortgage charge-offs—regardless of the amount. For two- to four-unit owner-occupied and second-home properties, […]

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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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