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A borrower scenario raises a question about GSE secondary-market requirements. Which answer should Emery rely on?

Correct Answer

D) Apply the Fannie Mae or Freddie Mac selling-guide requirement

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Apply the Fannie Mae or Freddie Mac selling-guide requirement".

Answer Options
A
Apply a different loan-program rule without checking the file facts.
B
Ignore product, occupancy, LTV, or eligibility limits because the borrower prefers the loan.
C
Use the same treatment for all mortgage products without comparing program requirements.
D
Apply the Fannie Mae or Freddie Mac selling-guide requirement

Why This Is the Correct Answer

GSE purchases depend on conforming eligibility, selling-guide standards, and loan-limit rules. The best answer is "Apply the Fannie Mae or Freddie Mac selling-guide requirement".

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