Fannie Mae Lender Letter LL-2018-02-High Loan to Value Refinances – Dated May 22, 2018-Effective November 1, 2018 [UPDATED Chart-Fannie Vs. Freddie Super Conforming Chart]

By: Lloyd Rutherford, Staff Writer In anticipation of the phase-out of DU Refi Plus and Refi Plus, Fannie Mae is announcing a High Loan-to-Value Refinance Option.  This update is important for any Fannie Mae lender to read. Rule Synopsis: Fannie Mae updates LTV parameters for the new high-LTV refinance option that will be used to [...]

2018-06-11T10:45:41-05:00June 8th, 2018|

Freddie Mac Multiple Selling Guide Updates – Bulletin 2018-8 – Dated May 22, 2018-Effective November 1-2018-Enhanced Relief Refinance®-Effective Immediately-Changes to Income and Credit Inquiries

By: Lloyd Rutherford, Staff Writer When Freddie Mac comes out with a selling guide bulletin, it’s an important read to stay up to date on new programs, program modifications and a heads up on guideline changes.  Any lender participating with Freddie Mac should read this update. Rule Synopsis: Freddie Mac is updating their selling guide [...]

2018-06-11T10:47:25-05:00June 8th, 2018|