Four options for determining student loan payments
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
August 8, 2016
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Blog
FNMA SEL 2016-05 New Guidelines for 1065/1120S
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
July 12, 2016
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How to handle any rental income – part 3
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
June 21, 2016
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How to handle any rental income – part 2
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
June 15, 2016
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How to handle any rental income – part 1
This blog is going to be a three-part series, I want to break down the information for FNMA and FHLMC loans in the following three
June 8, 2016
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Reuse existing appraisal to save money
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
May 9, 2016
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Bye Bye Continuity of Obligation
During the recent “dark age” of the mortgage business FNMA put continuity of obligation rules in place to try to slow down the real estate crash.
April 26, 2016
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REO Changes FNMA SEL 2016-03
Working in the mortgage business sometimes I forgot that FHLMC and FNMA are competing companies, most lenders work with both companies so they just seem
April 12, 2016
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Mortgage Women Magazine
UberWriter is in the news See our write up in Mortgage Women Magazine. http://www.mortgagewomen-digital.com/mwmag/march_2016?pg=36#pg36 Michael Whitbeck and David Stamm sat down with AR Smith to
March 25, 2016
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FHLMC Allregs – new format & new content
A few years back FNMA updated their website to include a well designed, searchable, web based version of Allregs. In 2015 for the FHA program
March 8, 2016
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Time’s up on distributions
NOTICE: Due to regulation changes the content of this article is no longer current. For years FNMA’s guidelines for self-employed borrowers who receive income
February 16, 2016
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Kudos on new FNMA 1084 form
FNMA Form 1084 Is Better, But Not Perfect If you have been following my blogs a recurring theme is how both agencies have made many updates
February 8, 2016
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January problems hold you up in underwriting
We are one month into the New Year, many people are a few weeks into progress on their plans for 2016, if one of your
February 1, 2016
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FNMA Rule – Less can be more
During 2015 FNMA had notified users in a few of the SEL’s about guideline clarifications on self employed borrowers that felt a bit like a seesaw.
January 19, 2016
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Not all tax preparers are created equal
Is your CPA Getting it Wrong? Recently I was working on a purchase loan for a borrower who is self-employed and owns three different businesses.
November 29, 2015
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