Tag: medical collection

Medical Collections & Investment Property Financing

Question: How do Fannie Mae and Freddie Mac look at medical collections for an investment property? MC Chart – Collections & Judgments Answer:For Fannie: DU Underwritten Loans For one-unit, principal residence properties, borrowers are not required to pay off outstanding collections or non-mortgage charge-offs—regardless of the amount. For two- to four-unit owner-occupied and second-home properties, […]

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USDA – Major Revisions to Chapter 10 – Credit Analysis

Written by: David Hail, Staff Writer The revisions to technical handbook HB-1-3555 Chapter 10, Credit Analysis, are significant and require your full attention if you are originating these types of loans. Rule Synopsis: On December 19, 2019 USDA Rural Development announced upcoming revisions to technical handbook HB-1-3555 Chapter 10, Credit Analysis. They provided an advance […]

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