Written by: Lloyd Rutherford, Staff Writer More options for those of you in markets with lower inventory! Check out the new updates in Freddie Macâs renovation program. I think youâre going to like how this program will help you generate more business. Rule Synopsis: Freddie Mac is updating their selling guide to introduce their newest [...]
Answer: FHA does not have any special provisions for calculating rental income on a 203K loan. The standard guidelines will apply and the rental income can be used per the policies below. Reference: (I)Â Rental Income (TOTAL) (1)Â Definition: Rental Income refers to income received or to be received from the subject Property or other real estate [...]
Wow! Big changes that can impact your business in a positive way are being made to HomeStyle® Renovation and HomeStyle® Energy programs. If you have not participated in this program, Fannie is now opening it up to all! Read this article and you may just discover a new niche. Rule Synopsis Fannie Mae is updating [...]
By: Lloyd Rutherford – Staff Writer There are Very Important Changes in this update and it is a MUST READ! This update requires action on your part so as not to lose any potential loans in your pipeline. Rule Synopsis: This article outlines the changes we can expect to see when DU 10.2 is released [...]