Industry Updates - see all

News From Underwriting FHA changes

USDA Reduces Fees

August 24, 2016 - USDA Upfront & annual premium being reduced

FNMA changed self-employed borrower income calculation for borrowers with 1065 or 1120S K-1 income

Since the self-employed income policy updates were announced last year, lenders have provided feedback regarding the difficulty in obtaining documentation to evidence a borrower’s ongoing access to business income, and asked for additional guidance on h…

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