Tag: QC

Fannie Mae – Updated FAQs for COVID – Updated January 14, 2021 and Freddie Mac – Updated January 13, 2021

Written by: Lloyd Rutherford, Staff Writer FAQs are a fantastic way to get clarification on guidelines that may not have all the answers!  Take a few minutes each month to update your knowledge on the newest FAQs that we discuss in the rule’s issues.  Remember, that Mortgage Currentcy hosts the most recent FAQs on our […]

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Fannie Mae Lender Letter 2021-01 – Dated January 6, 2021

Written by: Lloyd Rutherford, Staff Writer Production was out of control in 2020 and is expected to be robust in 2021 as well.  When this happens, loan quality seems to suffer.  Consider this Lender Letter from Fannie Mae to be a warning about Appraisal quality and the lender’s need to pay attention to avoid buybacks! […]

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Freddie Mac News – True Lies – When Employers Twist the Truth – Dated December 16, 2020

Written by: Lloyd Rutherford, Staff Writer You never want to end up on the wrong side of fraud.  Even if you are innocent, you still have to contend with the cost of your defense.  Freddie Mac’s “True Lies” series is a great way to stay up to date on what they have uncovered in mortgage […]

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Fannie Mae & Freddie Mac – December Updates FAQs for COVID – NEW Mortgage Forbearance Chart – All Agencies

Written by: Lloyd Rutherford, Staff Writer Trying to keep up with guideline changes can be challenging in normal environments.  Throw in COVID and now we have another layer to be concerned with.  Stay up to date on our monthly updates from the agency FAQs to learn what has changed. NEW Mortgage Forbearance Chart – All […]

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Fannie Mae – Updated FAQs for COVID – Updated September 17, 2020 and Freddie Mac – Updated FAQs for COVID – Updated September 24, 2020

Written by: Lloyd Rutherford, Staff Writer The COVID FAQs from Fannie Mae and Freddie Mac are huge.  It is important to keep up with how COVID related issue will affect your clients now and into the future. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) […]

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