Property Eligibility

Fannie Mae – FAQs for Appraisal Waivers – Dated June 24, 2019 – NEW MTP™ – Fannie Mae Properties Eligible for Appraisal Waivers

Written By: Lloyd Rutherford, Staff Writer Appraisal waivers are fantastic if your file qualifies for them! Keep up to date with this most recent FAQ from Fannie Mae on this subject. Rule Synopsis: Fannie Mae has updated their FAQ document for appraisal waivers. Interpretive Comments: I think we can all agree that any advance we [...]

2019-07-09T11:34:21-05:00July 10th, 2019|

Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-9 – Dated May 1, 2019 [NEW Worksheet – Freddie Mac Verification of Funds for Income After Note Date]

Written By: Lloyd Rutherford, Staff Writer This month’s Freddie Mac Bulletin contains some little changes that could have a big impact on your business, so read through this article to stay up to date. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics [...]

2019-05-10T07:08:15-05:00May 10th, 2019|

VA-Revision of Lenders Handbook-Chapter 7 [Loans Requiring Special UW] and Chapter 10 [Property Eligibility & Appraisals] Dated March 19, 2019 – Effective June 9, 2019

Written By: Tracey Rumsey, Staff Writer Heads Up VA originators, processors, underwriters and operations staff.  VA has lined up major changes that anyone touching a VA file needs to be aware of.  Read through this update where we specifically address Chapter updates 7 & 10. Rule Synopsis: VA announced at the Lenders Conference in April [...]

2019-04-09T12:52:30-05:00April 10th, 2019|

Fannie Mae – Multiple FAQ’s: DU/DO 10.3 – Dated December 17, 2018; Appraisal and Property-Related FAQs – Dated December 2018; and FAQs for Appraisal Waivers – Dated December 4, 2018 [UPDATED Chart – Fannie Mae – DU Tolerance Table]

Written By: Lloyd Rutherford, Staff Writer FAQs are great documents to provide clarification in the guidelines.  In this update we review the new FAQs for the latest DU/DO update and appraisal waivers.  Both are need-to-know for anyone involved in the front-end process. Rule Synopsis: Fannie Mae updated two of their FAQ documents for appraisal-related topics [...]

2019-01-10T08:44:42-05:00January 10th, 2019|

Multiple FAQ’s: Appraisal and Property-Related FAQs – Dated August 7, 2018; DU Validation Service FAQs – Updated July 19, 2018; and Student Loan Solutions – Dated July 2018

Written By: Lloyd Rutherford, Staff Writer Mega Fannie Mae FAQ Update!  Looks like Fannie had a lot of questions that needed to be addressed in the Appraisal, DU and Student Loan department.  Stay up to date by reading through these frequently asked questions! Rule Synopsis: Three FAQ documents have been updated. They are: Appraisal and [...]

2018-09-10T11:24:42-05:00September 9th, 2018|