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Conversion of Principal Residence Requirements No Longer Apply Associates should follow the standard rental income and financial reserve requirements when the borrower converts his or her current [...]

Here is the definition straight from Fannie Mae (pretty much the official word when it comes to mortgages) – Extenuating circumstances are nonrecurring events that are beyond the borrower’s [...]

  Beginning Aug 16th conventional loans will require a 4 year waiting period after Short-Sale or Deed-in-Leu . Prior to this there was a 2 year wait (Fannie Mae backed loans) if you had a [...]