CFPB – Consumer Financial Protection Bureau Releases List of Counties for 2019 that Qualify as Rural or Underserved Counties – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Each year the CFPB updates their Rural and Underserved Counties list.  You may not think this update applies to your origination business, but read closely and learn from our expert how these underserved areas may be a great niche for you to participate in. Rule Synopsis: Consumer Financial Protection [...]

2019-03-10T14:40:09-05:00March 10th, 2019|

Fannie Mae Appraiser Update – Dated December 2018

Written By: Lloyd Rutherford, Staff Writer If you are thinking about expanding your practice to Modular Home lending, pay attention to this update!  If you’re not, it might be time! Rule Synopsis: Fannie Mae publishes an Appraiser Update in a newsletter format and contains some very useful information. We will cover some of these topics: [...]

2019-01-10T08:42:40-05:00January 10th, 2019|

Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 December Update – Updated October 31, 2018 – Effective December 8, 2018.

Written By: Lloyd Rutherford, Staff Writer There is a big change coming from Fannie Mae, especially as it relates to higher-risk borrowers.  Read through this update to find out what you need to know. Rule Synopsis: Fannie Mae announces the newest DU Version to be released: DU Version 10.3. The changes in this release will [...]

2018-11-09T08:44:26-05:00November 9th, 2018|

Fannie Mae Selling Guide Announcement SEL-2018-07 – Dated September 4, 2018

Written By: Lloyd Rutherford, Staff Writer Fannie Mae has some exciting news about Property inspection waivers that will serve many of you well.  In addition, there are condo updates that you need to read through to keep up to date. Rule Synopsis: Fannie Mae is updating their selling guide for a variety of topics. This [...]

2018-09-10T11:24:22-05:00September 9th, 2018|

Fannie Mae Appraiser Update – Dated April 2018

By: Lloyd Rutherford, Staff Writer There is nothing worse than getting a borrower through the buying process, contract and home inspection only to find out that the appraisal is causing your loan to blow up.  Find out what you need to know about appraisals and how to prevent these issues by educating yourself with Fannie’s [...]

2018-05-29T14:48:39-05:00May 9th, 2018|