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2. What is a gift letter for a mortgage? - AOL

   www.aol.com/finance/gift-letter-mortgage...

   A gift letter for a mortgage verifies the source of a homebuyer's gifted down payment funds. ... If you’re buying a single-family home with a Fannie Mae- or Freddie Mac-backed conventional loan ...

3. How Much Money Can Be Gifted for a Down Payment? - AOL

   www.aol.com/finance/much-money-gifted-down...

   There are rules to how much someone can gift someone else in a year without having to report it to the IRS as part of the gift and estate tax. That limit is $18,000 in 2024 and set to increase to ...

4. Home valuation code of conduct - Wikipedia

   en.wikipedia.org/wiki/Home_valuation_code_of_conduct

   Also, effective for single-family mortgages made after May 1, 2009, Freddie Mac seller/servicers must represent and warrant that the appraisal report is obtained in a manner consistent with the Code. Certain types of mortgages are excluded from the Code, including: FHA/VA mortgages, Section 184 Native American mortgages, and section 502 ...

5. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of supply and demand, then, it is harder for lenders to sell the loans, thus it would cost more to the consumers (typically 1/4 to 1/2 of a percent.)

6. Verification of employment - Wikipedia

   en.wikipedia.org/wiki/Verification_of_employment

   Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

7. Freddie Mac, Fannie Mae backing bigger home loans in 2025 - AOL

   www.aol.com/freddie-mac-fannie-mae-backing...

   Freddie Mac's latest Primary Mortgage Market Survey, released last Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.84% from last week's reading of 6.78% ...

8. Deed of trust (real estate) - Wikipedia

   en.wikipedia.org/wiki/Deed_of_trust_(real_estate)

   Transactions involving deeds of trust are normally structured, at least in theory, so that the lender/beneficiary gives the borrower/trustor the money to buy the property; the borrower/trustor tenders the money to the seller; the seller executes a grant deed giving the property to the borrower/trustor; and the borrower/trustor immediately executes a deed of trust giving the property to the ...

9. Mortgage loan modification: What it is and how to get one - AOL

   www.aol.com/finance/mortgage-loan-modification...

   Conventional loan modification: If you have a conventional mortgage backed by Fannie Mae or Freddie Mac, you might be eligible for the Flex Modification program, which can reduce your monthly ...