Tag: Rules Issue

Fannie Mae – DU/DO Release Notes DU Version 10.3 December 2019 Update – Dated October 9, 2019 – Effective December 7, 2019

Written by: Lloyd Rutherford, Staff Writer Reading through and understanding the DU/DO release notes helps you get the answers you want or need sooner from the system. There are a lot of updates in this release, so take a few minutes to read through this article. Rule Synopsis: Fannie Mae announces an update to DU […]

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VA Chapter 12 Changes – Minimum Property Standards – Effective October 21, 2019

Written by: Tracey Rumsey, Staff Writer VA is continually updating their minimum property requirements standards. Read through this update to learn about the latest revisions. Interpretive Comments: Chapter 12 – Minimum Property Requirements, was completely revised in March of this year with an effective date of June 26, 2019. This second round of revisions was […]

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Freddie Mac Selling Guide Updates – Bulletin 2019-22 – Dated November 6, 2019

Written by: Lloyd Rutherford, Staff Writer Working in the affordable lending arena is a great niche that with a little education will yield you some excellent results. This article highlights some of the opportunities and recent changes in affordable lending with Freddie Mac. Rule Synopsis: Freddie Mac is updating their selling guide for a variety […]

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VA Appraisal Fee and Timeliness Schedule for Denver and Houston RLC, December 1, 2019

Written by: Tracey Rumsey, Staff Writer VA Lenders in Denver and Houston will want to read through this article regarding VA appraisal fees and timeliness schedules. Rule Synopsis: VA has eight Regional Loan Centers (RLCs): Atlanta Cleveland Phoenix Roanoke Paul Denver Houston Petersburg All of the RLCs have Appraisal Fee and Timeliness Schedules that lenders […]

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VA – Transition from Veterans Information Portal (VIP) to LGY Hub, Circular 26-19-25 – Dated October 11, 2019

Written by: Tracey Rumsey, Staff Writer VA is throwing a bit of a curveball with this “Change 1” amendment to their previously released Circular. Rule Synopsis: Circular 26-19-25, Transition from Veterans Information Portal (VIP) to LGY Hub, was discussed in our October 2019 rules issue when they announced that access to VIP would be terminated […]

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