Lender Incentives

Compliance – Fannie Mae Lender Incentive Limits for Borrowers: Many of our competitors are offering incentives like gift cards with a value over the $500 limit for conventional lender incentives. Did this change?

Answer: First things first:  You are not missing an update.  In today’s ultra-competitive market, it is very likely that lenders of all shapes and sizes are ‘pushing the envelope’.  Sometimes they are playing by all the rules, sometimes they are not.  If a lender chooses to give more than what the selling guide allows for, [...]

2019-03-25T08:57:09-05:00March 25th, 2019|

Freddie Mac – Multiple Selling Guide Updates – Bulletin 2019-5 – Dated March 6, 2019 – Updated-Divorced & Separated Borrowers Chart – All Agencies

Written By: Lloyd Rutherford, Staff Writer This is a big update with a lot of important changes from Freddie Mac.  Take the time to digest the upcoming rule changes by reading through this article and the accompanying bulletin. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will [...]

2019-03-10T14:30:04-05:00March 10th, 2019|