Tag: Freddie Mac

Thinking about going Green to make your home more Energy Efficient and Earth Friendly? There are great home loan programs that can help you accomplish that. They can be used on both a purchase or a refinance.  If you’d like a free fact sheet, comment below!

Thinking about going Green to make your home more Energy Efficient and Earth Friendly? There are great home loan programs that can help you accomplish that. They can be used on both a purchase or a refinance.  If you’d like a free fact sheet, comment below!

Related Article Title: Freddie Mac Selling Guide Update – Bulletin 2019-25 – Dated December 4, 2019 – Updated MTP™ – GreenChoice® Home Loans – Energy Efficient & Earth Friendly Written by: Lloyd Rutherford, Staff Writer There are some game-changer updates in this article that will give you the edge over your competition if you read […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Most home loan lenders require a client to pay a portion of their property taxes, and insurance(s) each month as part of their house payment. This portion collected by the lender each month goes into an account called an escrow account that is used to pay the property tax bill and insurance policies. This is a great way for homeowners to pay a little over time vs. getting a huge bill once or twice a year that may strain their budget.

Most home loan lenders require a client to pay a portion of their property taxes, and insurance(s) each month as part of their house payment. This portion collected by the lender each month goes into an account called an escrow account that is used to pay the property tax bill and insurance policies. This is a great way for homeowners to pay a little over time vs. getting a huge bill once or twice a year that may strain their budget.

Related Article Title: Will Fannie or Freddie allow an escrow waiver for flood insurance? Question: Do either Fannie Mae or Freddie Mac allow escrow waivers when a property is in a flood zone, or is it mandatory to escrow? Flood Insurance Requirements – All Agency Chart Answer: Escrow waiver policies for Fannie Mae and Freddie […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Did you know that there are home loan programs that will allow you to finance your down payment and closing costs? Many of these programs have income limits or geographical restrictions, so let’s talk before you buy. Who knows, this may be the solution you are looking for to own your own home!

Did you know that there are home loan programs that will allow you to finance your down payment and closing costs? Many of these programs have income limits or geographical restrictions, so let’s talk before you buy. Who knows, this may be the solution you are looking for to own your own home!

Related Article Title: Freddie Mac – LPA Feedback Message Updates – Effective December 3, 2019 and January 25, 2020 and February 4, 2020 – Dated November 21, 2019 Written by: Lloyd Rutherford, Staff Writer One of the best things you can do for your business is to understand how your AUS systems work. This update […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac – Reining in Reverse Occupancy

Written by: Lloyd Rutherford, Staff Writer Opening your eyes to what causes lender buybacks or litigation is important if you are going to be in the business of lending money.  The agencies periodically issue fraud trends that they see in our industry, and it is important for all lenders to keep up on what is […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Fraud Alert! There is a growing trend in some markets called Reverse Occupancy which means that someone buys a property as an investor, but really intends to occupy the home.  The reason they do this is because they do not qualify for the mortgage without the projected rental income.  If a lender suggests this to you, do not fall victim to this!

Related Article Title: Freddie Mac – Reining in Reverse Occupancy Written by: Lloyd Rutherford, Staff Writer Opening your eyes to what causes lender buybacks or litigation is important if you are going to be in the business of lending money.  The agencies periodically issue fraud trends that they see in our industry, and it is […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top