Fannie Mae introduced their new Day 1 Certainty program for relief from the reps and warrants related to the verification and reverification of employment,…
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November 17, 2016
Freddie Announces Appraisal Free Mortgages
While Fannie Mae is talking about relieving lenders from some reps and warranties surrounding appraisals, Freddie is announced that it is doing away with…
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November 4, 2016
Mortgage Financing: Is the Government Infringing on the Private Sector
With the crash of 2008, the federal government took over the largest purchasers of conventional mortgage loans in this country; Fannie Mae and Freddie…
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August 9, 2016
Are We Ready For Fannie’s HomeReady Changes?
Fannie Mae announced some recent changes to their HomeReady loan program, with more changes coming later. The intent is to make it easier for…
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February 9, 2016
Appeal of the Appeal’s Appeal
Freddie Mac and Fannie Mae jointly announced the implementation of an Independent Dispute Resolution (IDR) process which is designed to help resolve alleged loan-level…
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February 4, 2016
Score Wars: The Sequel
If you recall, I recently wrote about the intention of Fannie and Freddie to begin requiring a new expanded credit score model. This new…
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January 29, 2016
Home Ready (or Not)!
Recently, Fannie Mae announced the implementation of its new “Home Ready” mortgage product. According to Fannie Mae, this mortgage product was designed to support…
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December 3, 2015
Equifax Announces Affiliation with Fannie. Good News?
Fannie Mae and Equifax have announced that Fannie will be incorporating credit trending information, provided by Equifax, into Desktop Underwriter. In addition, lenders will…
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November 17, 2015
Differences Between Fannie Mae and FHA Appraisal Policies
Appraisers, Underwriters, and Quality Control staff that are involved with the processing and/or review of Fannie Mae and HUD/FHA loan transactions need to be…
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October 22, 2015
Fannie Mae is Trying to Simplify Loan Processing
Innovations via Technology – Making the Loan Origination Process More Effective & Efficient On October 19th, Fannie Mae announced a series of innovations that…
