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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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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Written by: Lloyd Rutherford, Staff Writer FAQs are a fantastic way to get clarification on guidelines that may not have all the answers! Take a few minutes each month to update your knowledge on the newest FAQs that we discuss in the rule’s issues. Remember, that Mortgage Currentcy hosts the most recent FAQs on our […]
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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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