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 [...]
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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 OffRadian Loosens Up
March 9th, 2011 davidguide Radian Guaranty Inc. outlined policy updates in and eBulletin. According to Radian, the requirement for a minimum 720 FICO score in four hard-hit states is being eliminated. Radian said that it removed all non-retail origination restrictions for all property types, programs and transactions. View full post on Mortgage Stories
Posted in Business Loans Tags: eBulletin, fico, Guaranty, Mortgage, origination, policy updates, post, radian guaranty inc, requirement, score Comments Off
