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, [...]