Mortgage Industry Snip-it

August 26, 2020

Industry News: Desktop Underwriter Release Notes DU Validation Service April Update Feb. 18, 2020 During the weekend of April 18, 2020 Fannie Mae will implement an update to the close-by date for employment validation within the Desktop Underwriter® (DU®) validation…

The Cost Gap Shrinks Between Buying And Renting A Home

August 26, 2020

The cost gap shrinks between buying a home and renting one. It’s time to start sending mailers to all the rental communities,  holding lunch and learns with your realtor partners and CPAs in your area.  Let’s educate your community on…

Changes To Rental Income Policy Effective Dec. 7, 2019

August 26, 2020

Fannie Mae is implementing new requirements for determining when rental income can be used for qualifying purposes. These changes are intended to support sustainable home ownership for borrowers purchasing an investment property without a prior history of managing rental properties….

CFPB Letter Signals Changes To QM Rule

August 26, 2020

QM Standard Changes Incoming! On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard. The Bureau is currently in the middle of a rulemaking process to…

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