Tag: LTV

Fannie Mae & Freddie Mac – Second Home Multi-Unit: What is the maximum LTV for a 2-Unit purchase of a second home for both Fannie and Freddie?

Answer: It varies. If you are using their standard products, the LTV’s are limited to 85% for Fannie Mae and Freddie.  If using Freddie Mac’s Home Possible product (where there are income limitations) then the LTV is 95% and Fannie Mae’s HomeReady product still limits you to 85%. The most flexible is Freddie Mac’s Home […]

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Fannie Mae Selling Guide Announcement SEL-2018-06 – Dated August 7, 2018

Written By: Lloyd Rutherford, Staff Writer Hallejuah!  Fannie Mae must be feeling really positive about the housing market.  Read through this update to find out what has changed, and one additional document you will no longer need. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on […]

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Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.2 September Update – Dated July 24, 2018 – Effective September 22, 2018.

Written By: Lloyd Rutherford, Staff Writer This is a big update with a lot of information on Fannie Mae’s new Higher LTV refinance option, and DU messaging for income and employment. Rule Synopsis: Fannie Mae announces the newest DU Version Update for Version 10.2. The changes announced will be eligible for casefiles submitted or resubmitted […]

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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 […]

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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 […]

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