Fannie Mae

Did you know that when you have a Small Business Loan that uses your home as collateral, this can affect how you qualify for a home loan? Before you use your home as collateral, or if you have used your home for collateral, contact me for details.

Related Article Title: Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 March 2019 Update – Dated January 28, 2019 – Effective March 23, 2019 Written By: Lloyd Rutherford, Staff Writer We are always very thankful for the release notes issued by Fannie Mae as they help us understand why the underwriting results may [...]

2019-02-10T18:37:03+00:00February 10th, 2019|Fannie Mae, Social Media Posts|

Effective March 23, 2019 Fannie Mae will require 6 months in reserves for a cash-out refinance. If you are planning to cash-out some of your equity, let’s get it done now. Contact me for details!

Related Article Title: Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 March 2019 Update – Dated January 28, 2019 – Effective March 23, 2019 Written By: Lloyd Rutherford, Staff Writer We are always very thankful for the release notes issued by Fannie Mae as they help us understand why the underwriting results may [...]

2019-02-10T18:34:15+00:00February 10th, 2019|Fannie Mae, Social Media Posts|

Automated Underwriting is a great tool, but it does not always get it right! This is why it is important to work with a lender who understands the benefits and the flaws of automated underwriting so that your clients get approved the right way. Contact me first!

Related Article Title: Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 March 2019 Update – Dated January 28, 2019 – Effective March 23, 2019 Written By: Lloyd Rutherford, Staff Writer We are always very thankful for the release notes issued by Fannie Mae as they help us understand why the underwriting results may [...]

2019-02-10T18:31:41+00:00February 10th, 2019|Fannie Mae, Social Media Posts|

Fannie Mae – Desktop Underwriter (DU) Validation Service Message Rewrite FAQs – Dated November 29, 2018 – Effective March 23, 2019

Written By: Lloyd Rutherford, Staff Writer Day 1 Certainty usage is growing fast.  If you work with Day 1 or DU, this article will prepare you for upcoming changes to the DU Validation Messages. Rule Synopsis: Fannie Mae released an FAQ document to address the changes that will be coming to the messages associated with [...]

2019-02-10T17:33:24+00:00February 10th, 2019|Fannie Mae|

Fannie Mae & VA – DU for Government Loans, Updates for VA Cash-Out Refinances, January 22, 2019, Effective February 15, 2019 – New Chart – VA Refinance Comparison Chart- Updated VA Cash-Out Refinance Checklist

Written By: Tracey Rumsey, Staff Writer Anyone working with Veteran clients needs to read this update.  There are important changes to the cash-out refinance program that you must be aware of. Rule Synopsis: Desktop Underwriter for Government Loans will be updated the weekend of February 16, 2019.  The updates will support the changes to VA cash-out [...]

2019-02-11T09:28:59+00:00February 10th, 2019|Fannie Mae, VA|