Tag Archive for: overlays

“Overlays” Lurk Everywhere; Why They’re Bad For Realtors/Buyers

We interviewed a loan officer last week who had to “give away” three loans over the last 60 days to other lenders b/c her own internal mortgage bank could not […]Read More

Rent-Back for 60 Days OK; > 60 Days, We Don’t Want to Know; Overlays

This is a reminder that Fannie Mae, Freddie Mac and most jumbo lenders allow sellers to "rent-back" (retain possession of a property after they sell it) for up to 60 days after close of escrow.Read More