Tag: VOE

FAQs for COVID-19 Impact – Fannie Mae Lender Letter 2020-3, 2020-4- Freddie Mac Bulletin 2020-14 and FAQs.

Written by: Lloyd Rutherford, Staff Writer Staying up to date with all of the temporary guidance for COVID-19 is a challenge, to say the least.  Our experts are scouring through all of these updates and breaking them down to help guide you through these changes. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac), at […]

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Fannie Mae Updated Lender Letter LL-2020-04 – COVID19 Impact to Appraisals – Condos – Renovation – FAQs

Written by:  Lloyd Rutherford, Staff Writer Rule Synopsis: Fannie Mae published UPDATED directions and guidance for appraisals (LL-2020-4) due to the impact on industries due to COVID-19 and these updates caused the FAQ document to be updated as well. Fannie Mae is using the original Lender Letters and their original FAQ document to update and […]

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USDA Covid-19 Guideline Updates – Appraisals – Repair Inspections & Employment Verification

USDA posted an announcement on April 8th 2020 addressing flexibility and guidance during the Covid-19 pandemic. The announcement is addressing similar issues to the other agencies such as appraisals and employment verifications, so just like the other agency announcements we recommend that you review them in their entirety if these programs are a large part […]

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Fannie Mae Updated FAQs for COVID-19 Impact – Dated April 8, 2020 & FNMA publishes DU/DO Release Notes Dated April 6, 2020

Written by: Lloyd Rutherford, Staff Writer There are more and evolving updates from Fannie Mae as we navigate through the COVID-19 pandemic.  All conventional lenders need to read through this update! Rule Synopsis: Fannie Mae updates the FAQ document for questions related to the COVID-19 impact to the business and also released an April update […]

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Fannie Mae & Freddie Mac Issue Covid19 Temporary Guidance – What You Need to Know!

Written by: Lloyd Rutherford, Staff Writer This is a must read article for anyone originating conventional loans. Fannie Mae and Freddie Mac have issued additional temporary guidance changes to assist lenders in navigating their pipeline during the Covid19 Pandemic. There have been a lot of releases and some of them are duplicated, so our expert […]

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