Fannie Mae's New Selling Guide: The Good, Bad & The Ugly!

Written By: Dan Moralez, Staff Writer, MortgageCurrentcy.com.

Interpretive Comments

It's finally out and available, Fannie Mae's newly updated Selling Guide. So you’re probably wondering what we think about it?

As part of the writing I do for Mortgage Currentcy, I rely heavily on my own personal knowledge with over 18 years experience originating, but I obviously also use tools such as Fannie Mae's Selling Guide. It is of the utmost importance that the information we provide our subscribers is accurate and a crystal clear interpretation of the agencies guidelines.

If you have read the agencies guidelines in any detail in the past, you know like I do that they are difficult to read, understand and interpret. In addition, they often times reference other sections of the selling guide so you feel like you are going on a wild goose chase. Both agencies provide free online access to sources such as AllRegs in an attempt to make it easier for partners to find information. Truth be told, the agencies and AllRegs have done such a great job. However, there is a need for a publication such as Mortgage Currentcy that is able to break down all of the jargon while showing you how to apply the information to what you do on a daily basis.

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