FNMA Issues Further LQI Guidance Regarding Undisclosed Liabilities
June 8, 2010 As expected, FNMA has issued further clarification since our June 1st LQI letter. The LQI FAQs have been updated regarding Undisclosed Liabilities and the use of a…
June 8, 2010 As expected, FNMA has issued further clarification since our June 1st LQI letter. The LQI FAQs have been updated regarding Undisclosed Liabilities and the use of a…
Much confusion surrounds the new Fannie Mae LQI “guidelines”, particularly regarding the standards for detecting undisclosed liabilities. Rather than establish set requirements or procedures, FNMA has instead published a set…