RC_LP_U_308.2 Fannie Mae Construction/Perm Guidelines
MBA Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011126-WC-WPurchase
PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.
If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.
This is a single-family/residential course.
Fannie Mae Construction/Perm Guidelines examines Fannie Mae's guidelines for underwriting construction-to-permanent loans.
The course begins with a discussion of transaction types, including the criteria for determining whether the transaction is considered by Fannie Mae to be a single-closing or a two-closing transaction and whether the loan purchase should be purchase or refinance. It then reviews underwriting guidelines for Fannie Mae construction-to-permanent loans, including equity requirements, escrow holdbacks, term of loan, transaction type, property type eligibility restrictions, and age of documentation. Finally, the course addresses the proper application of the data into Fannie Mae's automated underwriting system, Desktop Underwriter®(DU®).
Seat time approximately one (1) hour.