Freddie Mac Guideline Updates (financed properties, NOO Income, and more)

Updates to our credit and underwriting requirements pertaining to, among others, the following: The maximum number of financed properties that the Borrower may own or be obligated on when the transaction is a second home or an Investment Property Mortgage, The use of income from Investment Properties for qualification purposes, The minimum monthly payment amount required to be included in the debt payment-to-income ratio when a student loan is deferred or in forbearance....(read more)

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