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  1. 12 Νοε 2014 · Managing Chapter 7 Bankruptcies for Current Mortgage Loans. The servicer must closely monitor the payment status of the mortgage loan and, if it becomes 60 days delinquent, refer it to a law firm within two weeks of the 60th day of delinquency.

  2. Introduction. This topic contains information on the waiting periods for significant derogatory credit events, including: General Information. Identification of Significant Derogatory Credit Events in the Credit Report. Bankruptcy (Chapter 7 or Chapter 11) Bankruptcy (Chapter 13) Multiple Bankruptcy Filings.

  3. 1 Μαΐ 2024 · Introduction. This topic provides information on documenting and qualifying a borrower’s income from sources other than wages and salaries, including: Documentation Requirements for Current Receipt of Income. Alimony, Child Support, or Separate Maintenance. Automobile Allowance. Boarder Income. Capital Gains Income. Disability Income — Long-Term.

  4. To be eligible for a mortgage loan, Fannie Mae requires borrowers to demonstrate that they have re-established credit following a significant derogatory credit event, such as a foreclosure, bankruptcy, preforeclosure sale (commonly known as a short sale), or deed-in-lieu (DIL) of foreclosure.

  5. 16 Δεκ 2014 · The written explanation must support the claims of extenuating circumstances, confirm the nature of the event that led to the bankruptcy or foreclosure-related action, and illustrate that the borrower had no reasonable options other than to default on his or her financial obligations.

  6. Fannie Maes Selling and Servicing Guides and their updates, including Guide announcements and release notes, are the official statements of Fannie Mae’s policies and procedures and control in the event of discrepancies between the information provided in this summary and the Guides.

  7. 13 Δεκ 2023 · professionals, strictly for their own use in originating mortgages, selling mortgages to Fannie Mae, or servicing mortgages for Fannie Mae. Fannie Mae may revoke these limited permissions by written notice to any or all Fannie Mae-approved users. Trademarks are the property of their respective owners. A full version of this publication is ...

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