This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

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In this episode, we explore the topic of Restricted Stock Unit (RSU) income and how it may be used towards mortgage qualification. We delve into the definitions, guidelines, and calculation methods used by Fannie Mae and Freddie Mac for this increasingly common form of compensation. We discuss:

• What are Restricted Stock Units (RSUs) and how do they work?
• Fannie Mae and Freddie Mac guidelines for using RSU income in mortgage qualification
• Differences between performance-based and time-based RSU vesting
• Documentation requirements for RSU income verification
• Scenarios demonstrating RSU income calculations under different guidelines

Resources

• Fannie Mae Selling Guide - B3-3.1-09, Other Sources of Income - Restricted Stock Units and Restricted Stock Employment Income
• Fannie Mae Selling Guide - B3-3.1-01, General Income Information - Continuity of Income
• Freddie Mac Seller/Servicer Guide - 5303.1, Employed income
• Stockopedia - 200 day Moving Average

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© 2024 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we delve into the complex and often misunderstood topic of non-traditional credit history in mortgage loan underwriting. Non-traditional credit history refers to alternative forms of credit that can be used when traditional accounts like student loans, mortgages, credit cards, or automobile loans are not present. We will explore:

• What is a non-traditional credit history?
• Fannie Mae’s Eligibility Requirements for non-traditional credit
• Underwriting non-traditional credit
• Scenarios to understand the application of non-traditional credit in mortgage loan underwriting

Resources

Fannie Mae Selling Guide

• Section B3-5.4, Nontraditional Credit History
• B3-5.4-01, Eligibility Requirements for Loans with Nontraditional Credit
• B3-5.4-02, Number and Types of Nontraditional Credit References
• B3-5.4-03, Documentation and Assessment of a Nontraditional Credit History 
• B3-2-03, Risk Factors Evaluated by DU
• B2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers on the Subject Transaction
• B2-2-06, Homeownership Education and Housing Counseling

Freddie Mac Seller/Servicer Guide

• 5201.1 Credit assessment with Loan Product Advisor®

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© 2024 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproductio

Recognizing and understanding the behaviors of Millennial and Gen Z homebuyers can empower loan officers and real estate agents to engage these distinct generations. Listen in as Tom Miller, Regional Vice President of MI Sales, and Brenda Smucker, Vice President of Learning and Development, discuss this ever-changing topic. 

In this episode, we will explore:

• Interesting statistics comparing the different generations
• Constructive ways to engage with potential borrowers and homebuyers
• How each generation has different views and preferences when buying a home

For more information, download Radian's infographic on The Millennial and Gen Z Homebuyer.


© 2024 Radian Group Inc. All Rights Reserved.  550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. The content presented is intended to convey general information and is for informational purposes only and does not constitute legal or accounting advice or opinions. 

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

Join us in this episode as we delve into the topic of Foster Care Income. We'll explore how the GSEs, Fannie Mae and Freddie Mac, treat this income type, discuss guidelines around the history of income receipt, and review general documentation requirements. We'll also provide a couple of scenarios to aid your understanding of the use of this income.

In this episode we will discuss:

• What is Foster Care Income and how it is treated by the GSEs
• Guidelines around the history of receipt
• General documentation requirements
• Scenarios to better understand the use of Foster Care Income

Resources

• Fannie Mae Selling Guide: B3-3.1-01, General Income Information (12/13/2023)
• Fannie Mae Selling Guide: B3-3.1-09, Other Sources of Income (02/07/2024)
• Fannie Mae Selling Guide: What is required for foster-care income?
• Freddie Mac Seller/Servicer Guide: 5301.1, General requirements for all stable monthly income
• Freddie Mac Seller/Servicer Guide: 5305.2, Specific requirements for other income types

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With over a decade of experience helping investors across the single family rental (SFR) industry, Gregory Godderidge, VP of SFR Operations for Radian Real Estate Management, and Kade Clark, SVP of Digital Valuation Products & Sales for homegenius Real Estate, recently discussed the latest in the SFR space.

 In this episode, we will explore:

• The current state of the SFR market today
• The projected trends of SFR throughout 2024 
• The latest trends for SFR Valuations regarding build to rent

 Contact us to learn more: https://info.homegenius.com/sfr



Single Family Rental services provided by Radian Real Estate Management LLC. 7730 South Union Park Ave., #400, Midvale, UT 84047. Tel: 801-869-1444. Licensed Property Management Company in UT (License # - 9172198-MN00) and NV (License #-ASM.0000217); Licensed Real Estate Company in UT (License # - 8818122-CN00). Other real estate services provided by homegenius Real Estate LLC and homegenius Real Estate Inc. (collectively dba homegenius Real Estate), each a subsidiary of homegenius, Inc. 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Tel: 877.500.1415. homegenius Real Estate LLC and its wholly owned subsidiary are licensed in every state and the District of Columbia.This communication is provided for use by real estate professionals only and is not intended for distribution to consumers or other third parties. This does not constitute an advertisement as defined by Section 1026.2(a)(2) of Regulation Z

The content presented is intended to convey general information and is for informational purposes only and does not constitute legal or accounting advice or opinions. An attorney or accountant should be consulted for specific information.

© 2024 Radian Group Inc. All Rights Reserved.  550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions.   Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we explore the concept of parsonage income, also known as a housing allowance, and its impact on a mortgage loan application. We will discuss:

• What is parsonage income and where it might come from
• Potential benefits of parsonage income
• How the GSEs treat this type of income
• Documentation requirements for parsonage income
• Example scenarios to help better understand the use of parsonage income in a loan file

Resources

• Fannie Mae Selling Guide B3-3.1-01, General Income Information - Using Nontaxable Income to Adjust the Borrower’s Gross Income 
• Fannie Mae Selling Guide, What is required for housing or parsonage allowance?
• Fannie Mae Selling Guide B3-3.1-09, Other Sources of Income- Housing or Parsonage Allowance
• Freddie Mac Selling Guide 5305.2, Specific requirements for other income types 
• Freddie Mac Selling Guide 9202.3, Borrower income documentation for workout or relief options

Explore more complex income types, including non-taxable sources, social security income, child support and alimony.

• Foundations On Demand Course: Not Your Ordinary Income 
• Not Your Ordinary Income: Social Security Benefits
• Not Your Ordinary Income: Military Pay

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This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes
• Acronym List

In this episode, we explore the subject of non-occupant borrowers in mortgage transactions. We'll discuss what GSE guidelines consider when reviewing a loan with a non-occupant borrower, and how a non-occupant borrower may impact the loan decision.

• What a non-occupant borrower is and why they may be included in a loan scenario
• The GSE guidelines for non-occupant borrowers
• How to verify a non-occupant borrower's eligibility
• Real-world scenarios involving non-occupant borrowers

Resources

• Fannie Mae Selling Guide B2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers on the Subject Transaction (09/02/2020)
• Fannie Mae Non-Occupant Borrower Fact Sheet
• Freddie Mac Selling Guide 5103.1, Mortgages including a non-occupying
  Borrower

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© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we explore the concept of payment shock, its impact on loan reviews, and how it can be mitigated. We discuss:

• Understanding payment shock in mortgage transactions
• GSEs' guidelines on payment shock
• Real-life scenarios illustrating payment shock
• Strategies to mitigate payment shock
• Importance of borrower education and suitable mortgage products in managing payment shock

Resources

• Fannie Mae Selling Guide B2-1.4-02, Adjustable-Rate Mortgages (ARMs) (12/14/2022)
• Fannie Mae Selling Guide B3-6-04, Qualifying Payment Requirements (06/07/2023)
• CFPB: Ability-to-Repay/Qualified Mortgage Rule
• Radian Guidelines

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© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we explore the intriguing topic of unique properties in the context of mortgage loans. We will review:

• Examples of unique properties
• How GSEs view unique properties
• The impact of unique properties on loan submissions
• The importance of proper appraisal and supporting data for unique properties

Resources

• Fannie Mae: Are unique or nontraditional homes eligible for delivery?
• Fannie Mae Selling Guide B4-1.3-05, Improvements Section of the Appraisal Report (09/06/2023):Unique Housing Types
• Fannie Mae Selling Guide Announcement (SEL-2023-08): 3D printed homes
• Freddie Mac Seller/Servicer Guide 5605.5 Improvements analysis
• Freddie Mac Appraisal Report and Property Eligibility FAQ
• Radian's guidelines

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© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

In this episode of the Radian On Air podcast, Jeff Engle, assistant vice president of Mortgage Learning for Radian Guaranty, welcomes back Donna Ross, Radian Group's award-winning Chief Information Security Officer. They explore the importance of cybersecurity, especially in light of October being Cybersecurity Awareness Month, including the increasing threats to technology and confidential data, alarming statistics of cybercrime, and offer insights on how individuals and companies can protect themselves against these cyber threats.

Key points discussed in this episode include:

• The significance of Cybersecurity Awareness Month and the role each individual plays in maintaining cybersecurity
• A look at the current cyber threat landscape 
• The importance of continuous risk assessments, planning and testing due to constantly changing cyber threats
• Practical tips on how individuals can protect themselves from credit card theft and identity theft - Download the Job Aid!

Radian On Air Podcast: Cybersecurity Awareness Month: Are You Prepared?
Radian On Air Podcast: Cybercrime: Trends, Impacts & Prevention

Resources: 

• Astra Report
• Deloitte 2023 Global Future of Cyber Survey
• Verizon 2023 Data Breach Investigations Report

 © 2023 Radian Group Inc. All Rights Reserved.  550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions.   Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. The content presented is intended to convey general information and is for informational purposes only and does not constitute legal or accounting advice or opinions. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates