Covers mortgage industry news, policy changes, and new underwriting guidelines.
Last week we began to go over the multiple changes to the underwriting guidelines announced in the last few months of SEL’s published by FNMA. The change in the way
FNMA has been busy reviewing and revamping their guidelines over the last few months. Kudos to FNMA’s Chief Credit Officer Carlos Perez and his team for continually working to improve
A few weeks back I was working on a purchase loan that was submitted to underwriting for review, nothing out of the ordinary at first, the borrowers had great credit,
This installment of the Underwriting guy video blog is Interest / Dividends / Capital Gains. Today we will review the following What the guidelines from FNMA on using interest /dividend/capital
Video Overview – FNMA SEL-2014-16 Have you looked at the new FNMA SEL-2014-16 posted in December of 2014? If you work with self employed borrowers who own a partnership (1065
If you have been following the blogs on UberWriter you know we are not fans of the 1084 form for many reasons. On our blog entitled “FNMA 1084 and FHLMC
It seems over the last few years FNMA and FHLMC are moving just a little further apart in how they look at lending. In my opinion FNMA seems to hold
Updated 07/15/2018 to correct All Regs References For Freddie Mac One thing about the mortgage business you can count on is change, but not everything changes year by year! For
Regulation Change Update: The following blog was posted in January of 2013 and the regulations have changed since we posted. Question: When reviewing business tax returns such as 1165, 1120S,
