Fannie Mae

Fannie Mae Selling Guide Announcement SEL-2018-09 – Dated December 4, 2018

Written By: Lloyd Rutherford, Staff Writer Fannie Mae has just released some interesting updates that are sure to keep you one step ahead of your competition.  Read through this article to find out what they are and how to get this information out to your referral sources before your competition. Rule Synopsis: Fannie Mae is updating [...]

2018-12-10T08:35:16+00:00December 10th, 2018|Fannie Mae|

Fannie Mae will now require 6 months of reserves on a cash-out refinance if the DTI exceeds 45%.

Related Article Title: Fannie Mae Selling Guide Announcement SEL-2018-09 – Dated December 4, 2018 Written By: Lloyd Rutherford, Staff Writer Fannie Mae has just released some interesting updates that are sure to keep you one step ahead of your competition.  Read through this article to find out what they are and how to get this information [...]

2018-12-07T15:21:16+00:00December 7th, 2018|Fannie Mae, Social Media Posts|

Self-Employed Buyer Alert! Fannie Mae has just released a tool that will correctly calculate your income and we have access to it. Don’t get caught up in the runaround with other lenders, contact me first.

Related Article Title: Fannie Mae Selling Guide Announcement SEL-2018-09 – Dated December 4, 2018 Written By: Lloyd Rutherford, Staff Writer Fannie Mae has just released some interesting updates that are sure to keep you one step ahead of your competition.  Read through this article to find out what they are and how to get this information [...]

2018-12-07T15:17:45+00:00December 7th, 2018|Fannie Mae, Social Media Posts|

The Divorce Degree is the governing document over marital debt. This means that debt assigned to a former spouse will not be counted against you in most cases. Contact me and let’s discuss!

Related Article Title: Fannie Mae – Divorced Obligation on Previous Property:  Do I need to count any financial obligation when the applicant is on the deed of a marital property, yet the financial responsibility was assigned to the ex-spouse by the divorce decree? [Includes Divorced Borrower Chart] Answer: My educated opinion:  The divorce decree is [...]

2018-11-26T11:11:42+00:00November 26th, 2018|Fannie Mae, Social Media Posts|

Attention Home Dreamers! Did You Know that a seller can contribute part of your closing costs to buy a home? Contact me for details and let’s turn that dream into a home!

Related Article Title: Fannie, Freddie, FHA, VA & USDA- HOA Fees:  Realtors in our area are talking about a new program that does not count the HOA fees.  Does any agency allow that? Answer: Fannie & Freddie say: Fannie and Freddie allow a seller (or an interested party contribution) to pay up to 12 months [...]

2018-11-26T11:09:30+00:00November 26th, 2018|Fannie Mae, FHA, Freddie Mac, Social Media Posts, USDA, VA|