Question: My client was out of work for several months due to COVID. Fannie Mae and Freddie Mac are requiring us to back out the income for the time he was out of work. Will FHA require this as well? MC – COVID Guidance – All Agencies Answer: Unfortunately, FHA has offered no options for […]
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Written by: Lloyd Rutherford, Staff Writer Trying to keep up with guideline changes can be challenging in normal environments. Throw in COVID and now we have another layer to be concerned with. Stay up to date on our monthly updates from the agency FAQs to learn what has changed. NEW Mortgage Forbearance Chart – All […]
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Written by: Lloyd Rutherford, Staff Writer The COVID FAQs from Fannie Mae and Freddie Mac are huge. It is important to keep up with how COVID related issue will affect your clients now and into the future. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID related (temporary) […]
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Written by: Lloyd Rutherford, Staff Writer The agencies are being bombarded with questions during COVID. This FAQ addresses many of the most common questions. Take the time to read through these and make your life easier! Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID-related (temporary) changes to […]
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Written by: Lloyd Rutherford, Staff Writer What to do with COVID-19, and its impact on your clients, continues to evolve with the agencies. Read through this update where the agencies address the latest FAQs. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID-related (temporary) changes to Mortgage Origination, […]
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