On November 5, Fannie Mae announced updates to its Selling Guide, including the removal of minimum credit score requirements for loans underwritten through its automated system —“Desktop Underwriter” ...
In an update to its selling guide, Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Previously, the only transactions ineligible for ...
On May 6, Fannie Mae issued a Selling Guide announcement, updating requirements in four areas: (i) Remote Online Notarization (RON): Fannie Mae removed the requirement for sellers and servicers to ...
The newly-updated Fannie Mae Selling Guide for November has aimed to modernize special property eligibility and underwriting considerations for leasehold estates, and it has revised the ...
While Fannie Mae has "retired" the term appraisal waiver from its seller guide, the change in the latest update, which could have the most impact on consumers involves the reconsideration of value ...
Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, Accident, and Health License in Indiana. He has 8 years experience in finance, from ...