Tag: Per Diem

Fannie Mae’s Top Trending Questions – Dated June 30, 2021

NOTE:  Mortgage Currentcy Links Each Agency’s Latest FAQs under the agency in the “Charts & Checklists” link.   Written by: Lloyd Rutherford, Staff Writer The Top Trending questions or FAQs from the agencies are one of the best ways to get clarification on situations you may not run into every day such as self-employed borrowers.  Many […]

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Counting Per Diem Income

Question:  I have a borrower that has receives $800 weekly “PER DIEM” from his employer which is non-taxable. With a full VOE breaking the per diem out, can it be used in qualifying? Answer: Unfortunately, FHA does not consider per diem payments as income, nor does the IRS. FHA considers them a reimbursement to cover […]

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Fannie Mae’s Top Trending Questions – Dated March 23, 2021

Written by: Lloyd Rutherford, Staff Writer One of the best ways that you can learn is to commit to reading the FAQs or Top Trending Questions published by the agencies.  This article contains the latest Trending Questions, and we will bet that you learn a lot! Rule Synopsis: Fannie Mae updated their top trending questions. […]

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