Rules - February 10, 2018

Fannie Mae Selling Guide Announcement SEL-2018-01 – Dated January 30, 2018

By: Lloyd Rutherford, Staff Writer This update is going to require lenders to make some policy decisions based on new requirements and updates on condominiums and appraisals, so keep your eye out for various changes with your investors.  There is also some great news for assisting more clients, so check out all of the updates [...]

2018-06-01T13:07:51-05:00February 9th, 2018|

Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes – DU Version 10.2 – Dated January 30, 2018 – Effective March 17, 2018-Updated MTP-Fannie Mae HomeStyle® Renovation Mortgage

By: Lloyd Rutherford – Staff Writer There are Very Important Changes in this update and it is a MUST READ! This update requires action on your part so as not to lose any potential loans in your pipeline. Rule Synopsis: This article outlines the changes we can expect to see when DU 10.2 is released [...]

2018-06-01T13:08:38-05:00February 8th, 2018|

Has Fair Lending Been Neutered?

By: Tammy Butler, Master CMB Fair Lending Perspectives-The CFPB’s Latest Decision If you have anything to do with Fair Lending in your company, you have no doubt heard the news about the recent change at the CFPB with regard to Mulvaney’s decision to strip the Fair Lending Office of enforcement duties and move those duties [...]

2018-06-01T13:09:18-05:00February 8th, 2018|