Tag: Secondary Income

Requiring Tax Returns on a Part-Time Real Estate Agent NOT Using the Income

Question: My client has a full-time job and does real estate on the side.  We are not counting any income from real estate, but my underwriter is insisting on the tax returns for this income.  Does FHA require the underwriter to evaluate the self-employed income if we are not using it to qualify the borrower? […]

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Fannie Mae Selling Guide Updates – SEL-2021-01 – Dated February 3, 2021

Written by: Lloyd Rutherford, Staff Writer UPDATED – Mortgage Currentcy Income Analyzer Charts – Seasonal Income – All Agencies & Part-Time Secondary Income – All Agencies The Fannie Mae selling guide updates are a must read, as they contain the rule changes to guidelines each month.  This quick read allows you to update your knowledge […]

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