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 tax form) or S Corp (1120S tax form) you need to know the details of this announcement. Borrowers who would have been approved weeks ago are now being declined. This video walks through the regulation and the new calculations required.