Rules – January 10, 2017

Fannie Mae-Project Insurance Requirements – FAQ – Updated January 2017 [Mortgage Talking Points™, Fannie Condo Project Approval Rules – Updated 11-10-2016]

Rule Synopsis: Fannie Mae issues an update on condominium requirements. Calling all of you Urban Millennials – Now is the time to buy! Fannie Mae updated their FAQ document to address questions regarding revisions addressed in their Selling Guide 2016-03 and 2016-07 selling guide updates. We have attached the previous articles in the links below [...]

2018-10-27T22:03:27-05:00November 4th, 2017|

CFPB Warns Financial Institutions about Potential Mortgage Lending Reporting Failures

Rule Synopsis: On October 27, 2016 Richard Cordray, the Director of the CFPB, issued a stark warning to lenders who did not file their HMDA data. Many smaller lenders were the ones who were warned, and we have attached a sample letter below for your reference. Interpretive CommentsTo help our subscribers decide if they are [...]

2018-10-27T22:05:26-05:00November 4th, 2017|