United Guaranty has issued clarifying guidelines for verbal employment verifications, self-employed borrowers and borrower with prior bankruptcies. The mortgage insurance company said that it had been deferring to Fannie Mae and Freddie Mac on requirements for verifications of employment. But a recent announcement from Fannie, SEL 2012-04, indicated that lenders can alternatively obtain verbal verifications [...]
Posts Tagged ‘fannie mae and freddie mac’
More Business Management Tips:
Ready to Apply? Find Lenders Looking for New Deals
Business Tips & News:
UG Updates Requirements
June 15th, 2012 
davidguide 
Posted in Business Loans 
Tags: announcement, borrower, employment, employment verifications, fannie mae, fannie mae and freddie mac, Guaranty, insurance, mortgage insurance company, requirement, united guaranty 
Comments OffAnger Grows Over FHFA Chief
March 31st, 2012 davidguide California’s attorney general is calling for the ouster of the acting director of the Federal Housing Finance Agency. Another California Democrat calls him a “random idiot.” Meanwhile, Republicans are blasting the FHFA chief for not doing more to rid the nation of Fannie Mae and Freddie Mac — which have cost U.S. taxpayers $188 billion [...]
Posted in Business Loans Tags: california democrat, Democrat, Fannie, fannie mae, fannie mae and freddie mac, Federal, finance, Housing, housing finance agency, ouster Comments OffUpdated HARP Guidelines Released
November 16th, 2011 davidguide Last month, the Federal Housing Finance Agency announced enhancements to the Home Affordable Refinance Program. Changes to the program included the elimination of a maximum loan-to-value ratio and the waiver of representations and warranties. Now, Fannie Mae and Freddie Mac have issued updated HARP guidelines. View full post on Mortgage Stories
Posted in Business Loans Tags: Affordable, fannie mae, fannie mae and freddie mac, finance, home, housing finance agency, maximum loan, Released, Updated, value ratio, waiver Comments OffMBS Litigation Tsunami hits Financial Firms
September 5th, 2011 davidguide Separate lawsuits were filed against 17 issuers and underwriters of private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency filed the lawsuits as conservator of Fannie and Freddie. “The complaints filed today reflect FHFA’s conclusion that some portion of the losses that Fannie Mae and Freddie Mac incurred on [...]
Posted in Business Loans Tags: Fannie, fannie mae, fannie mae and freddie mac, finance, Housing, housing finance agency, improper actions, MBS, mortgage backed securities, Today, tsunami Comments OffObama Selects Regulator for Fannie, Freddie
November 13th, 2010 davidguide The Obama administration announced a permanent replacement to the acting director of the Federal Housing Finance Agency. Joseph A. Smith Jr. will be nominated by Obama to become FHFA director, an announcement from the White House said. FHFA regulates Fannie Mae and Freddie Mac. View full post on Mortgage Stories
Posted in Business Loans Tags: administration, director, Fannie, fannie mae, fannie mae and freddie mac, Federal, FHFA, Freddie, housing finance agency, joseph a smith, Joseph A. Smith Jr., Obama, Regulator, replacement, Selects Comments Off
