Jan. 25, 2012
| Fannie Mae/Freddie in Brief |
|
 |
| Fannie/Freddie Child Support: How long does a Buyer need to collect child support to use the money to qualify for a loan, and can 100% percent of the funds be used to qualify if paid monthly? |
|
| Fannie or Freddie Deferred Student Loans: I have a client with student loans deferred until 6/2013. Do they have to be counted and what payment do I use? |
|
| |
|
| Fannie Home Purchase For Family Member: What are the rules for a purchase for elderly parents or a disabled kid as a primary residence? [Download Mortgage Talking PointsTM flyer, Rules for Buying a Home for a Family Member Using Conventional Financing] |
|
| Fannie Landlord Experience: What’s the amount of time that a borrower must show that they have managed rental property before we can use the rental income to qualify? |
|
| Fannie Condo: What does “Right of First Refusal” mean when it pertains to a condo approval? |
|
| Fannie Delayed Financing Rule: My client paid cash for a much smaller home priced under $400K on December 15, 2011. Did Fannie eliminate the 6-month waiting period and what are the rules?
|
|
| |
|
| FHA More Than One FHA Loan: Can a person who was a co-borrower on a home, who never occupied the property, buy a home using FHA financing? |
|
| FHA Streamline Refi: Will FHA allow two months’ interest to be added back to the loan on a streamlined refi? |
|
| FHA Revolving Debt: Underwriter said I must include a revolving debt (and payment) that has been paid off and closed by the borrower. Is that correct? |
|
| FHA Additional Land: If a property has two separate tax bills, but is being sold using the same deed, can I do an FHA loan? |
|
| |
|
| VA Power of Attorney: What documentation do I need for a Power of Attorney and an “Alive and Well statement” for a soldier serving in Kuwait? |
|
| VA: Can a Veteran pay for the cost of pest repairs? |
|
| |
|
| Compliance Loan App Start Date: Where can I find back-up documents to determine “when” a loan application becomes “official”? |
|
| Compliance Technical/Inadvertent Errors: Where can I find decent interpretation of “technical and/or inadvertent” errors? |
|
| |
|
| Reverse Mortgage Irrevocable Trust: A clients has a reverse mortgage and wants to move their property into an irrevocable trust. Will this trigger the payoff clause of the reverse mortgage? |
|
