Covers mortgage industry news, policy changes, and new underwriting guidelines.
For borrowers who may not have enough traditional income to qualify for the mortgage, Freddie Mac provides an alternative path: converting eligible assets into monthly income using its asset depletion
Rental income plays a crucial role in the mortgage application process, especially when borrowers rely on income from investment properties or rental units to qualify. For lenders, Freddie Mac (Federal
In 2025, the Federal Housing Administration (FHA) continues to make homeownership accessible to first-time homebuyers and buyers with limited funds in their savings accounts. One way they do this is
Mortgage underwriting contains complex income qualification standards, especially for rental properties. Fannie Mae, as one of the nation’s leading mortgage purchasers, establishes specific guidelines that lenders must follow when evaluating
Gift funds can be a valuable tool for helping borrowers meet down payment and closing cost requirements, especially when liquidity is a barrier to homeownership. Fannie Mae provides clear guidance
FHA loans provide a way to homeownership for Americans who don’t qualify for conventional financing. While these government-backed Federal Housing Administration loans offer flexible qualification standards, they maintain core requirements
Fannie Mae’s Form 1007, formally known as the Single-Family Comparable Rent Schedule, is a vital document in the appraisal process for investment properties, particularly one-unit properties and single-family homes. This
Manual underwriting remains a key part of the mortgage approval process when borrowers fall outside the parameters of automated underwriting systems (AUS)—such as those with non-traditional income, limited credit history,
As a person that has worked, trained, and mentored in the mortgage underwriting world for 27 years, I definitely guessed the profit and loss situation wrong! My best guess was
A few years back I wrote a blog explaining the rules that allow a lender to re-use the borrower’s appraisal for an additional transaction. (See the blog here: Recycle Rules For Appraisals). Looking over
