Tag: Self-Employment

Fannie Mae’s Top Trending Questions – Dated March 23, 2021

Written by: Lloyd Rutherford, Staff Writer One of the best ways that you can learn is to commit to reading the FAQs or Top Trending Questions published by the agencies.  This article contains the latest Trending Questions, and we will bet that you learn a lot! Rule Synopsis: Fannie Mae updated their top trending questions. […]

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Fannie Mae – DU/DO Release Notes DU Version 11.0 – Dated February 10, 2021 – Effective March 13, 2021

Written by: Lloyd Rutherford, Staff Writer Wow!!  Fannie Mae is dropping the hint that DU approvals and conditions may vary by lender. So, who you work for may help or harm you!  Read this article to find out more. Rule Synopsis: Fannie Mae will be releasing DU Version 11.0 – the newest DO/DU Version to […]

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Fannie Mae Selling Guide Updates – SEL-2021-02 – Dated March 3, 2021

Written by: Lloyd Rutherford, Staff Writer Selling guide updates are important to read each month.  Our experts distill the changes you need to know to help you understand them and move on with your day. Rule Synopsis: Fannie Mae is updating their selling guide for a couple of topics. This article will focus on the […]

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Fannie Mae SEL–2021-03 and SEL-2021-04 – Both Dated January 14, 2021 – and Freddie Mac Bulletin 2021-1 Dated January 14, 2021 – COVID Flexibilities Extended

Written by: Lloyd Rutherford, Staff Writer As COVID continues, the agencies continue to review and address underwriting flexibilities.  It is important to read through these to keep up on what changes are being made or what changes are being eliminated. Rule Synopsis: Fannie Mae updated LL-2020-03 and LL-2020-04 and renamed them to LL-2021-03 and LL-2021-04; […]

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Freddie Mac Selling Guide Updates/FAQ – Bulletin 2021-2 – Dated January 15, 2021

Written by: Lloyd Rutherford, Staff Writer Borrowers with Self-Employed income are not easy in today’s COVID world, even if their business was not affected by COVID.  The interruption of income and uncertainty of continuance of income are the main players here.  Read this article to learn more about Freddie Mac’s updated guidance on documenting a […]

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