Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac Underwriting Guidelines

The underwriting guidelines from Freddie Mac and Fannie Mae form the cornerstone of the mortgage underwriting process. It is important for lenders to strictly adhere to these guidelines because they form the foundation of the rules that govern mortgage loans. With changing economic conditions, both the government agencies change the underwriting guidelines to ensure borrowing and lending are carried out…

Federal Housing Finance Authority Considering Big Changes to Freddie Mac and Fannie Mae Models

A big decision could be coming down the pipe as it relates to whether the credit scoring models used by government sponsored enterprises Freddie Mac and Fannie Mae should be updated. In early 2015, the agency began looking at the current methods for the credit scoring models based on company’s Vantage Score and Fair Isaac Corp. As a result of…

Fannie Mae and Freddie Mac Set Conforming Loan Size Limits for 2014

The government sponsored enterprises of Fannie Mae and Freddie Mac have established the conforming loan limits for 2014. There are no major changes to these levels, which haven’t been altered in the previous nine years. The goal of the current limits has been to allow homeowners and buyers to have access to as many government-backed affordable home loans as possible….