Tag: HOA

Fannie Mae Appraiser Update – Dated September 2021

Written by: Lloyd Rutherford, Staff Writer Appraisal issues can blow up your loan just as easily as credit issues.  The appraisal updates from Fannie Mae are a great way to learn more about this important part of your client’s file. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format which contains […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-38 – Dated October 7, 2020

Written by: Lloyd Rutherford, Staff Writer In this month’s update from Freddie Mac they are adding clarification from a previous bulletin that caused the industry a lot of confusion!  This bulletin also includes an important guideline change that is considered a win for origination. Rule Synopsis: Freddie Mac is updating their selling guide for a […]

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Refinance – Title Reporting Judgment Due to Past Due HOA Fees

Question: The title report shows a judgment for past due HOA fees. Can this be satisfied through the cash-out refinance proceeds or does it need to be paid off prior to closing? Answer: There is no real direction in the Fannie or Freddie selling guide that prevents you from using the cash-out proceeds to pay […]

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