I recently had a few discussions with some of our clients and blog followers about how different the REO calculations are between FNMA and FHLMC. 

The cash flow forms such as the FNMA 1084 have been around for a very long time, with that being said if you do some

**updated 05/11/2019** Sometimes we have a borrower that is missing the AUS approval by a mere few dollars, nothing more heartbreaking than a 46% DTI

After years of working in underwriting when you look through enough loans it becomes easier over time to recognize a borrower’s income type.  However there are

Sometimes when you are underwriting the same question seems to come in “three’s”.  Maybe it is timing, maybe happenstance, or maybe different people are asking the

A few days ago I received a question about how to handle large deposits when the transaction is a refinance on a FNMA conventional loan. 

When I was in school if you asked me what my favorite subject was I would have told you math.  Not really because it was

As a parent with two kids attending college the discussion of getting through college with minimal student debt (or none at all) has been a

One of the most common topics I run across for self-employed borrowers is the discussion on ”The dreaded Distribution Versus Ordinary Income”.   Even though the

Last but not least (and probably the most used form of rental calculations) part 3 of 3 of “Rental income from non-subject properties”.  Be sure

Welcome to part 2 of 3 of “How to handle any rental income” series.  In case you missed the first installment you can catch up

Sometimes when competing for a new loan, your running “neck and neck” on the offered interest rate and need to find little edge to win