Federal Housing Finance Agency Director Bill Pulte has directed government-sponsored mortgage holder Fannie Mae to change its ...
The Fannie Mae Underwriting Guidelines are a set of standardized criteria established by the Federal National Mortgage Association, commonly known as Fannie Mae. These guidelines play a pivotal role ...
HomeReady mortgages are a type of conventional loan for lower-income borrowers, backed by Fannie Mae. To qualify for a HomeReady loan, your income can't exceed more than 80 percent of your area's ...
Fannie Mae seller guide update SEL-2026-08 includes a definition of present, residential and subordinate use cases in the new context of highest and best use.
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” ...
Law360 (March 1, 2023, 8:55 PM EST) -- Fannie Mae announced Wednesday the mortgage giant modernized its seller guide, which includes integrating data, technology and analytics, to improve property ...
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 ...
This week, in line with the CFPB’s ever-increasing focus on fair lending, Fannie Mae issued a Fair Servicing Best Practices Guide to promote “servicer awareness of fair servicing best practices.” ...
Appraisal management company calls it a 'win' for the industry. Stating it wants to make the “home valuation process more efficient and accurate,” Fannie Mae on Wednesday released its March Selling ...