Fannie Mae Update on Self-Employed Income Analysis for Conventional Loans
Dear Licensed Partner,
Fannie Mae has postponed the implementation of the new policies on qualifying income for self-employed borrowers introduced in Fannie Mae’s Selling Guide announcement¬†2014-16.
Fannie Mae will be issuing an official announcement regarding the new implementation date for these requirements.
Sun West, based on FNMA’s announcement, is postponing the implementation of the corresponding underwriting requirements announced in the lender alert dated March 20, 2015 until further notice. Sun West will continue to monitor and provide further notification regarding the new underwriting requirements.
If you have any questions, please contact your Client Relations Manager at¬†(855) OK-SUNWEST¬†or¬†(855) 657-8693.
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.