Tag: VVOE

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

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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

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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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Freddie Mac – COVID19 Updates – Condo Projects – Appraisal FAQs – ChoiceRenovation

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Written by:  Lloyd Rutherford, Staff Writer Effective Immediately with all loans in Process! Rule Synopsis: Freddie Mac issued another Bulletin (2019-11) related to the COVID-19 related issues and they also updated their FAQ document to add additional questions that have cropped up due to the pandemic. Freddie Mac is taking a different approach than Fannie […]

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