Fannie Mae

For a property to be eligible for a “Limited Review”, that unit must be an attached unit in an established condo project. Condo financing can be tricky, so contact me for help in structuring the financing options for your listings.

Related Article Title:  Fannie Mae – Limited Review Condo Process:  What are the requirements for limited review condominiums? [Condominium Limited Review – Fannie & Freddie – Chart] Answer: Mortgage Currentcy has a nice chart on this subject, but for further details, here are the guidelines from the manual. Reference: B4-2.2-01, Limited Review Process (06/05/2018) To [...]

2019-04-21T18:09:31-05:00April 25th, 2019|Fannie Mae, Social Media Posts|

Fannie Mae – Limited Review Condo Process: What are the requirements for limited review condominiums? [Condominium Limited Review – Fannie & Freddie – Chart]

Answer: Mortgage Currentcy has a nice chart on this subject, but for further details, here are the guidelines from the manual. Reference: B4-2.2-01, Limited Review Process (06/05/2018) To be eligible for a Limited Review, the unit securing the mortgage must be an attached unit in an established condo project. Transactions Eligible for a Limited Review [...]

2019-04-19T15:56:12-05:00April 24th, 2019|

Fannie Mae is testing a new way to do appraisals. What do you think needs to be changed in the appraisal process?

Related Article Title: Fannie Mae Appraiser Update – Dated March 2019 Written By: Lloyd Rutherford, Staff Writer Evaluating the collateral on a property is a major part of the mortgage approval process.  Fannie Mae is putting out great information on this topic to help educate you further.  Rule Synopsis: Fannie Mae publishes a quarterly Appraiser [...]

2019-04-09T14:27:39-05:00April 10th, 2019|Fannie Mae, Social Media Posts|

Did you know that conventional automated underwriting systems only work for addresses in the United States? If the applicant’s address is not in the US a manual underwrite must occur.

Related Article Title: Fannie Mae-Desktop Underwriter Credit-related Error Codes Job Aid – Dated February 26, 2019 Written By: Lloyd Rutherford, Staff Writer If you ever get error codes when working with DU, you are going to love this article and the accompanying Job Aid. Rule Synopsis: Fannie Mae published an updated DU Credit-Related Error Code [...]

2019-04-09T14:38:09-05:00April 10th, 2019|Fannie Mae, Social Media Posts|

Fannie Mae Appraiser Update – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Evaluating the collateral on a property is a major part of the mortgage approval process.  Fannie Mae is putting out great information on this topic to help educate you further. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update in a newsletter format that contains some very useful information. [...]

2019-04-09T11:46:23-05:00April 10th, 2019|