Rules - July 10, 2018

Freddie Mac Multiple Guide Updates – Bulletin 2018-9 – Dated June 13, 2018

By: Lloyd Rutherford, Staff Writer We don’t often release servicing bulletins, but this one has a direct impact on the origination of Freddie Mac HomePossible® loans.  Read through this article to understand its impact and how you can use this to differentiate yourself from your competition. Rule Synopsis: Freddie Mac introduces a special program for [...]

2018-07-10T08:22:39-05:00July 9th, 2018|

Fannie Mae Resource Documents for Selling Notice – HomeReady® Income Limit Increase – added June 2018 – Dated June 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae changed their HomeReady® loan limits last month, and in this update they are issuing supporting references and marketing materials for the program.  This is great information to help you get more business! Rule Synopsis: Fannie Mae updated their income limits for HomeReady® and they have now released two [...]

2018-07-10T08:20:59-05:00July 9th, 2018|

CFPB – Comments from the Mortgage Bankers Association

By: Tammy Butler, Master CMB The CFPB released multiple Requests for Information from industry participants. The MBA which represents Mortgage Lenders in Washington, DC responded to those requests. Their opinions hold weight with the bureau and affect your business so it is important to read what they are recommending to the bureau. Rule Synopsis: It’s rare [...]

2018-07-10T08:35:01-05:00July 9th, 2018|