IRS

Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 July 2019 Update – Dated May 21, 2019 – Effective July 20, 2019

Written by: Lloyd Rutherford, Staff Writer DU users this is an important update that will clarify some recent changes that you need to know and one that none of us expected to see! Rule Synopsis: Fannie Mae announces an update to their newest DU Version: DU Version 10.3. The changes announced in this release will [...]

2019-06-07T10:43:05-05:00June 10th, 2019|

Freddie Mac – Installment Agreements: How does Freddie Mac handle IRS installment agreements? [NEW Mortgage Talking Point-How Lenders View IRS Installment Agreements]

Answer: Freddie Mac does not address this directly, so you have to use their guidance on “other installment debt” as shown in their selling guide. See highlighted text below. You are basically taking similar steps as Fannie Mae by getting the IRS agreement, confirming the payment ($) amount, and confirming that the payments are being made, as well [...]

2018-06-25T10:37:29-05:00June 24th, 2018|