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Fannie/Freddie Announce End Dates for QM Rules


Fannie/Freddie Announce End Dates for QM Rules
Apr 12 2021, 8:35AM
Both Fannie Mae and Freddie Mac (the GSEs) have
released information to their lenders confirming that
any loans they purchase
after July 1, 2021 must conform to the agreement made on their behalf in
January by the Federal Housing Finance Agency (FHFA) with the Department of
Treasury, amending the Preferred
Stock Purchase Agreement (PSPA).  Although
there were several requirements in the amended PSPA designed to limit risk,
last weeks letters were specifically concerned with the new qualified mortgage
(QM) rule from the Consumer Financial Protection Bureau (CFPB). The revised PSPA
specifically prohibits the GSEs from acquiring loans that do not meet this ....

United States , Freddie Mac , Danny Gardner , Consumer Financial Protection Bureau , Housing Finance Agency , Fannie Mae , Both Fannie Mae , Federal Housing Finance Agency , Stock Purchase Agreement , Fannie Mae Guide , Application Received Dates , Settlement Dates , Loan Product , Senior Vice President , American Mortgages , ஒன்றுபட்டது மாநிலங்களில் , ஃப்ரெடி மேக் , டேனி கார்ட்னர் , நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம் , பன்ணிிே மே , இரண்டும் பன்ணிிே மே , விண்ணப்பம் பெறப்பட்டது தேதிகள் , தீர்வு தேதிகள் , கடன் ப்ராடக்ட் , மூத்தவர் துணை ப்ரெஸிடெஂட் ,

LoanCraft Collaborates with Freddie Mac to Provide Lenders With a Full-Service Option for Calculating Self-Employed Income


LoanCraft Collaborates with Freddie Mac to Provide Lenders With a Full-Service Option for Calculating Self-Employed Income
By
Staff
2 months ago
TROY, Mich.–(BUSINESS WIRE)–LoanCraft, a seasoned innovator in mortgage technology and architect of the LoanCraft income calculation service, a unique full-service approach to calculating borrower income, announced today that their service has been integrated with Freddie Mac’s automated underwriting system (AUS).
The service uses data from tax returns and other documents to provide an easy-to-use, actionable income report. The integration of LoanCraft’s service with Loan Product Advisor
® asset and income modeler (AIM) for self-employed can offer lenders the assurance of income representation and warranty relief and helps remove the underwriting bottleneck associated with computing self-employed income. ....

United States , Tron George , Freddie Mac , Dominic Spadafore , Kevin Kauffman , Business Development , Loan Product , Vice President Business Partner Integration , ஒன்றுபட்டது மாநிலங்களில் , ரோன் ஜார்ஜ் , ஃப்ரெடி மேக் , கெவின் காஃப்மந் , வணிக வளர்ச்சி , கடன் ப்ராடக்ட் , துணை ப்ரெஸிடெஂட் வணிக கூட்டாளர் ஒருங்கிணைப்பு ,