Rules Issue

Freddie Mac Selling Guide Updates – Bulletin 2019-17 – Dated August 7, 2019

Written by: Lloyd Rutherford, Staff Writer This Freddie Mac update offers some great nuggets of education and sales opportunities in your market. Read through this update to find out more. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The [...]

2019-09-09T15:57:32-05:00September 10th, 2019|

Fannie Mae Selling Guide Announcement SEL–2019-07 – Dated August 7, 2019

Written by: Lloyd Rutherford, Staff Writer The manufactured home industry is growing rapidly, and this update is just what you may need to consider adding to your book of 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 [...]

2019-09-10T09:48:12-05:00September 10th, 2019|

FHA New Condominium Section of Handbook 4000.1, FHA Info #19-34, Effective October 15, 2019. NEW CHART – FHA Condominium Project Approval Requirements

Written by: Tracey Rumsey, Staff Writer Big changes on the FHA Condominium front. If you work with condominiums, this is a must STUDY article as well as the other article published this month regarding the process for FHA Spot Approvals. Rule Synopsis: Case numbers assigned on or after October 15, 2019 and/or Condominium Project Approvals [...]

2019-09-09T15:58:21-05:00September 10th, 2019|

USDA RD Eliminates Interest Rate Cap – Effective October 1, 2019

Written by: David Hail, Staff Writer A refreshing change has just occurred with the USDA loan. If you originate those loans you want to read through this article! Rule Synopsis: USDA has a rule in place that limits the rate cap on mortgage loans. This has been a costly impediment to low- to moderate-income borrowers [...]

2019-09-09T15:58:44-05:00September 10th, 2019|