FNMA – Student Loan Payment Calculation
Applicable to FNMA Loans: If a payment amount is provided on the credit report, that amount can be used for qualifying purposes. If the credit report does not identify a payment amount (or reflects $0), […]
Applicable to FNMA Loans: If a payment amount is provided on the credit report, that amount can be used for qualifying purposes. If the credit report does not identify a payment amount (or reflects $0), […]
Applicable to Freddie Mac Loans: Fannie Mae has updated their policy to permit truncated account numbers that display at least the last four digits of the borrower’s asset account. Previously the bank statement had to […]
Applicable to FNMA Loans: When a borrower is obligated on a non-mortgage debt, but is not the party who is actually repaying the debt, the debt may be excluded from the borrower’s recurring monthly obligations, […]