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 resolutions was for smoother loan

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.  As you remember there was

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.  In reviewing the borrower’s two

Over the last few blogs I have been reviewing the recent guideline changes from both FNMA and FHLMC.  In this blog I want to move outside of the detail points of

Both of the GSE’s continue to review and revamp their guidelines on a number of topics, today’s blog we will go over the changes that now make it easier for

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

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,

Updated 05/20/2019 Due to the change in the tax code for 2018 both Fannie Mae and Freddie Mac have eliminated the need to consider Unreimbursed Business Expenses when evaluating borrower