Tag: Selling Guide Bulletin

Fannie Mae Selling Guide Announcement SEL–2020-03 – Dated June 3, 2020

Written by: Lloyd Rutherford, Staff Writer This bulletin is FULL of important updates.  Make sure that you read through the various changes that may apply to your 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 updates announced […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-20 – Dated June 3, 2020

Written by: Lloyd Rutherford, Staff Writer Freddie Mac made a very convenient change for lenders seeking property insurance requirements, and helped those of you who work with condominiums.  Read through this update if you think these changes may impact your business. Interpretive Comments: Property Insurance Requirements Freddie Mac is adding the Property Insurance Requirements to […]

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Freddie Mac – Bulletin 2020-13 – Dated April 22, 2020 -Income Requirements and ARMs

Written by: Lloyd Rutherford, Staff Writer This is an important update regarding income requirement changes for Freddie Mac. In this update they retract a change made last year, so be sure that you read this article to understand the change! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This […]

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Freddie Mac – COVID19 Updates – Condo Projects – Appraisal FAQs – ChoiceRenovation

Written by:  Lloyd Rutherford, Staff Writer Effective Immediately with all loans in Process! Rule Synopsis: Freddie Mac issued another Bulletin (2019-11) related to the COVID-19 related issues and they also updated their FAQ document to add additional questions that have cropped up due to the pandemic. Freddie Mac is taking a different approach than Fannie […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-9 – Dated April 1, 2020

Written by: Lloyd Rutherford, Staff Writer Rates are pretty low, so the demand for ARM loans has not been that high.  However, there are some big changes if you are working with ARM loans or plan to in the future, so read through this update to stay informed. Rule Synopsis: Freddie Mac is updating their […]

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