Tag: Rental Income

Fannie Mae Selling Guide Announcement SEL–2020-01 – Dated February 5, 2020

Written by: Lloyd Rutherford, Staff Writer Fannie Mae selling guide announcements contain a montage of updates that are important to read through when they are issued.  Following is the scoop on their latest guideline changes. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This article will focus on the […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac – LPA Feedback Message Updates – Effective March 29, 2020

Written by: Lloyd Rutherford, Staff Writer LPA [Loan Product Advisor] continues to become more sophisticated to assist lenders in avoiding mistakes that result in denied loans or buybacks.  Read through this article to learn the new feedback messages being adopted by Freddie Mac in March. Rule Synopsis: Freddie Issues notification that they are updating Feedback […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

VA Residual Income Method for Sole Proprietors & Add-Backs

Question: Our client is showing a net loss on line 31 of Schedule C, as a sole proprietor. We have enough allowable add-backs to still show some income when doing residual income for taxes. What do we use for income to determine the tax bracket and factor in deductions to calculate the correct residual?  This […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac – Reining in Reverse Occupancy

Written by: Lloyd Rutherford, Staff Writer Opening your eyes to what causes lender buybacks or litigation is important if you are going to be in the business of lending money.  The agencies periodically issue fraud trends that they see in our industry, and it is important for all lenders to keep up on what is […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac – LPA Feedback Message Updates – Effective December 3, 2019 and January 25, 2020 and February 4, 2020 – Dated November 21, 2019

Written by: Lloyd Rutherford, Staff Writer One of the best things you can do for your business is to understand how your AUS systems work. This update on Loan Product Advisor shares some important changes you need to know to get the results you want! Rule Synopsis: Freddie Issues notification that they are updating Feedback […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top