Effective October 10, 2019 Freddie Mac will not allow rental income on a 1-unit property for their HomePossible program if the income is coming from an interested party or borrower’s spouse or domestic partner. Contact me for me details!
Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2019-16 – Dated July 10, 2019 Written by: Lloyd Rutherford, Staff Writer Freddie Mac issued a bulletin with a lot of details a lender needs to review. Read through this article as our expert points out what you need to know. Rule Synopsis: Freddie Mac [...]