Tag: Unemployment Benefits

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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Fannie Mae Selling Guide Announcement SEL–2020-03 – Updated August 27, 2020

Written by: Lloyd Rutherford, Staff Writer The scariest phrase in mortgage lending today is “Self-Employed Borrower”.  The agencies have gotten hypersensitive to those who own their own companies during a pandemic.  Read through this article to hear a “true confession” and the resources you need to work with clients that are self-employed! Rule Synopsis: Fannie […]

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