Fannie Mae Selling Guide Announcement SEL-2019-03 – Dated April 3, 2019 [NEW Chart – Fannie Mae & Freddie Mac Limited Review Condominiums]

Written By: Lloyd Rutherford, Staff Writer Interesting update from Fannie Mae, and a “Did You Know” to share with your referral sources or staff. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that generally benefit originators. The updates announced in this Selling [...]

2019-04-09T11:46:44-05:00April 10th, 2019|

Fannie Mae – Borrower-Initiated Mortgage Insurance Termination Requests Using SMDU – FAQs – Dated February 26, 2019 – NEW Mortgage Talking Points – How to Cancel Your Mortgage Insurance

Written By: Lloyd Rutherford, Staff Writer Mortgage insurance can be a big drain on your client’s budget, so the sooner they can alleviate that monthly charge the happier they will be.  This is a great article to learn how you can assist your past clients with the chore of requesting termination of mortgage insurance. Rule Synopsis: [...]

2019-03-10T14:21:51-05:00March 10th, 2019|

Freddie Mac FAQ’s, Fact Sheet and Product Comparison (Home Possible™ vs. HomeOne™ – Dated April 2018-HomeOne™ Program Available July 29-2018

By: Lloyd Rutherford, Staff Writer Freddie Mac’s new HomeOne Program which debuts July 29, 2018 is set to launch.  This article provides all the information you need to understand and promote this program well. Rule Synopsis: Freddie Mac created a list of FAQ’s, a Fact Sheet and Comparison Chart to highlight their newest product addition [...]

2018-06-11T10:55:32-05:00June 7th, 2018|

Fannie Mae HomeReady FAQ’s and HomeReady Product Matrix – Updated March 22, 2018 – New Fannie Mae Chart Added – HomeReady Matrix™

By: Lloyd Rutherford, Staff Writer Fannie Mae has added to their HomeReady™ FAQ document and issued a HomeReady™ Product Matrix.  If you work with the HomeReady™ program, be sure to read this update. Rule Synopsis: Fannie Mae updated their HomeReady™ FAQ document and their Product Matrix – the update really was to adapt the links [...]

2018-05-29T16:42:19-05:00May 9th, 2018|

Fannie Mae-HomeReady® FAQ’s – Updated January 24, 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae expanded their HomeReady® FAQ document to assist more lenders in using the program.  This is a great program to know and understand, so take the time to read through this update and the materials referenced. Rule Synopsis This document has 39 total questions. Fannie Mae has not updated [...]

2018-05-31T09:18:04-05:00March 9th, 2018|