Fannie Mae, the National Community Land Trust Network, and Cornerstone Partnership held a 1-hour webinar training for current & prospective mortgage lending partners of shared equity homeownership programs. More than one hundred participants joined us to receive:
- An orientation to the sections of the Fannie Mae Selling Guide that should be applied to loans for borrowers in various types of shared equity homeownership programs,
- Clear instructions on how to review programs before lending and calculate loan-to-loan values, and
- A guided tour of how to originate these loans through Fannie Mae’s automated underwriting tool, Desktop Underwriter®.