Each quarter, CrossCheck Compliance addresses topics that arise as lenders originate, underwrite, and fund their residential mortgage products. These insights are intended to help clarify investor requirements regarding underwriting and quality assurance, as well as provide best practices.
In this issue, we address the following topics:
- Fannie Mae issues revisions, updates, and reminders related to rental income
- Automated Valuation Models (AVM) new interagency rule takes effect
- New Freddie Mac guidance reinforces AML program expectations
- Fannie Mae releases revised QC Self-Assessment document
Are you a lender grappling with a mortgage question? We invite you to send your query to Ask CrossCheck. Our team of mortgage experts are ready to provide the guidance and support you need.
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