Tag: PPP

PPP/SBA Loans During Pandemic & Business Income

Question: How does the Payroll Protection Loan from the Small Business Administration help or hurt a business when we are qualifying them for a mortgage loan? Answer: The SBA loans will have little to no impact with regard to qualifying for a mortgage. The agencies consider these types of assistance to be temporary. Therefore, the […]

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FAQs for COVID-19 Impact – Fannie Mae Lender Letter 2020-3, 2020-4- Freddie Mac Bulletin 2020-14 and FAQs.

Written by: Lloyd Rutherford, Staff Writer Staying up to date with all of the temporary guidance for COVID-19 is a challenge, to say the least.  Our experts are scouring through all of these updates and breaking them down to help guide you through these changes. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac), at […]

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