New! Covid Overlay Requiring P&L Removed!

[pianoman9701]

Self-Employed and tired of producing up-to-date P&Ls for a mortgage? Freddie Mac and Fannie Mae have eliminated the Covid overlay for P&L when your income is verified by tax returns. This is great news and another money-saver for self-employed borrowers. Remember: if your income has declined by 20% or more from the previous year, you still may need to produce a P&L and additional returns.