Tag: Project Standards

Fannie Mae Project Insurance Requirements FAQs – Project Standards Requirements FAQs

Written by: Lloyd Rutherford, Staff Writer You can learn a lot about the “gray areas” in underwriting guidelines if you read the FAQ updates as they come out.  This month is no exception and with the added bonus of FAQs for Condos, which can be an awesome niche market! Rule Synopsis: Fannie Mae updated their […]

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Fannie Mae – Selling Guide Announcement SEL–2020-06 – Dated October 7, 2020

Written by: Lloyd Rutherford, Staff Writer Fannie Mae updates are always an important read.  These are the updates where you will find clarification or rule changes that could directly impact your pipeline. This month’s update is a must read for all! Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. […]

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Fannie Mae Selling Guide Announcement SEL–2020-03 – Dated June 3, 2020

Written by: Lloyd Rutherford, Staff Writer This bulletin is FULL of important updates.  Make sure that you read through the various changes that may apply to your business. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced […]

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Fannie Mae Selling Guide Announcement SEL-2018-08 – Dated September 2, 2018-Effective Immediately [NEW Chart – Using Employment-Related Assets for Income]

Written By: Lloyd Rutherford, Staff Writer Fannie Mae continues to make the originator’s life easier by helping more borrowers that “make sense” qualify for home loans.  Read through this update to see the new changes and tips on getting the word out to your clients. Rule Synopsis: Fannie Mae is updating their selling guide for […]

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Fannie Mae-Combined FAQ and Fact Sheet Article – Project Standards Requirements FAQ’s – Updated June 2018 – Ineligible Condo Characteristics – Updated June 2018 and At-a-Glance Condo and Insurance Requirements – Updated June 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae is really pumping out the resources to help you do more condo loans and educate you on their dramatic changes. Anyone who has condos in their origination area needs to pay attention to this update and the update from Freddie Mac this month! Rule Synopsis: Due to multiple […]

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