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Fannie Maefreddie Mac Form 710

Fannie Maefreddie Mac Form 710

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watch this video if you want to know how conventional loan un riding guidelines have adjusted to the N [Music] settlement hey it's Adam Kaminsky with the Shabu group at Keller Williams 7 Hills and today I'm going to share with you the recent clarifications that Fanny May and Freddy Mack made as it relates to the proposed n settlement the first thing we need to clarify is that Fanny and Freddy helped set the mortgage underwriting standards for conventional mortgages around the country um in clarification posted late April Fanny and Freddy reminded Realtors and consumers that if a seller is paying a commission directly to the buyer's broker that does not qualify as seller paid closing cost this has always been the case there's been a lot of speculation around how the proposed n settlement will impact our industry including some stating that seller paid commissions to buy bookages will count towards the limit of seller paid closing cost on the behalf of buy

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Form 710 PDF
Uniform Borrower Assistance Form 710

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