Tag: Social Security

Freddie Mac Selling Guide Updates – Bulletin 2020-38 – Dated October 7, 2020

Written by: Lloyd Rutherford, Staff Writer In this month’s update from Freddie Mac they are adding clarification from a previous bulletin that caused the industry a lot of confusion!  This bulletin also includes an important guideline change that is considered a win for origination. Rule Synopsis: Freddie Mac is updating their selling guide for a […]

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Freddie Mac News – True Lies – No One Benefits from Falsified Benefits

Written by: Lloyd Rutherford, Staff Writer When agencies uncover fraud by a few, it makes it tough on the rest of us because there are more guidelines, further scrutiny, and what may seem like nonsensical requests of our clients. Rule Synopsis: Freddie Mac issued their fifth edition of “True Lies”, which focuses on uncovering and […]

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FHA – Verifying Continuation of Survivor Benefits- If a borrower’s Social Security Survivor Benefits Letter does not state an expiration date, what date do we use?

Answer: FHA does not specifically address Social Security Survivor Benefits in their guidelines.  They do direct lenders to assume continuation of SS benefits in cases of SS Retirement and SS Disability Income when there is no expiration date on the award letter.  But again, this does not apply to Social Security Survivor Benefits. The original […]

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