Income Analysis for Conventional Loans
Although Fannie Mae and Freddie Mac look at many types of income the same way, there are some that they calculate differently. Knowing how each of the GSEs treat different sources of income will help your lending institution determine where to deliver the loan. In this webinar, Marianne Collins will discuss how both Fannie Mae and Freddie Mac calculate various sources of income, the required documentation for each scenario, and the key differences in how each of them treats certain types of income. Marianne Collins is the president of the Government Lending Division at Diehl Mortgage Training and Compliance, where she designs and conducts loan underwriting and compliance training webinars and live classes. Prior to joining Diehl, she had a successful 35-year career in the mortgage banking industry. She is a former member of the Fannie Mae National Advisory Council and past president of both the Columbus and Ohio Mortgage Bankers Associations. She was the first recipient of the MBA’s State Leadership Award, which was renamed in her honor, and was recognized by Mortgage Banking Magazine, who named her one of “20 Leading Industry Women” in their 2013 Centennial Issue.