Project Standards

Fannie Mae Selling Guide Announcement SEL-2018-08 – Dated September 2, 2018-Effective Immediately [NEW Chart – Using Employment-Related Assets for Income]

Written By: Lloyd Rutherford, Staff Writer Fannie Mae continues to make the originator’s life easier by helping more borrowers that “make sense” qualify for home loans.  Read through this update to see the new changes and tips on getting the word out to your clients. Rule Synopsis: Fannie Mae is updating their selling guide for [...]

2018-10-10T09:56:45-05:00October 10th, 2018|

Fannie Mae-Combined FAQ and Fact Sheet Article – Project Standards Requirements FAQ’s – Updated June 2018 – Ineligible Condo Characteristics – Updated June 2018 and At-a-Glance Condo and Insurance Requirements – Updated June 2018

By: Lloyd Rutherford, Staff Writer Fannie Mae is really pumping out the resources to help you do more condo loans and educate you on their dramatic changes. Anyone who has condos in their origination area needs to pay attention to this update and the update from Freddie Mac this month! Rule Synopsis: Due to multiple [...]

2018-07-10T08:21:41-05:00July 9th, 2018|

Fannie Mae Selling Guide Announcement SEL-2018-05 – Dated June 5, 2018 – NEW CHART-Manufactured Homes-All Agencies-UPDATED Chart-Condo Project Reference Chart-UPDATED MTPs™ Fannie Condo Project Approval Rules-Fannie Prohibited Condos, NEW MTP™ – Manufactured Homes Back in Fashion

By: Lloyd Rutherford, Staff Writer Manufactured Homes are becoming a strong and viable alternative in areas where prices have become unaffordable for many buyers.  The new options in this sector are looking pretty nice, and gone are many of the “old stigmas” about manufactured housing.  All originators should take a look at this update to [...]

2018-07-10T10:49:57-05:00July 6th, 2018|

Fannie Mae – Combined FAQ Article – Project Insurance Requirements FAQs – Updated March 2018 and Project Standards Requirements FAQ’s – Updated March 2018

By: Lloyd Rutherford, Staff Writer Condominium financing can be complex, but it is worth the effort to understand this type of financing as more and more millennials look to purchase their first home.  This article contains two important FAQ documents and resource links to help you master condo financing. Rule Synopsis: Fannie Mae updated their [...]

2018-05-29T17:37:11-05:00April 9th, 2018|