Enact Holdings, Inc. · NASDAQ:ACT
Enact — Investor Presentation (November 2020)
29 slides from Enact's investor presentation, November 2020
Slide 1: Calculating Income for a Primary Residence: Multi-Family Property
Calculating Income for a Primary Residence: Multi-Family Property November 2020 Customer Education Brought to you by: Genworth Customer Development and Process Consulting NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly pr
Slide 2: Primary Residence with Rental Unit(s)
Primary Residence with Rental Unit(s) Customer Education: Rental Income on a Primary Residence Multi Family 1
Slide 3: New URLA
New URLA Can you use projected Rental Income on a Purchase Transaction for a Primary Residence Multi-family property? Customer Education: Rental Income on a Primary Residence Multi Family 2
Slide 4: Fannie Mae Rental Income Guidelines
Fannie Mae Rental Income Guidelines Customer Education: Rental Income on a Primary Residence Multi Family 3
Slide 5: Fannie Mae Selling Guide
Fannie Mae Selling Guide https://selling-guide.fanniemae.com B3-3.1-08 Rental Income *Lenders must meet all Fannie Mae requirements for use of rental income such as history of owning and managing other rental properties as well as but not limited to having a primary housing expense Customer Educatio
Slide 6: Calculating Monthly Rental Income or Loss
Calculating Monthly Rental Income or Loss https://selling-guide.fanniemae.com B3-3.1-08 Rental Income Customer Education: Rental Income on a Primary Residence Multi Family 5
Slide 7: New URLA
New URLA Customer Education: Rental Income on a Primary Residence Multi Family 6
Slide 8: New URLA- Lender Loan Information
New URLA- Lender Loan Information $250,000 sales price with 10% down payment= $225,000 Loan Amount @ 4% 30yr FR = $1,074.18 Taxes $250 monthly Hazard Insurance $125 per month Monthly MI $52 Customer Education: Rental Income on a Primary Residence Multi Family 7
Slide 9: Fannie Mae- Scenario 1
Fannie Mae- Scenario 1 1 Year or more management experience Calculated income may be used. Customer Education: Rental Income on a Primary Residence Multi Family 8
Slide 10: Fannie Mae- Scenario 2
Fannie Mae- Scenario 2 Less than 1 year property management experience Calculated amount Not to exceed $1,501 Customer Education: Rental Income on a Primary Residence Multi Family 9
Slide 11: Fannie Mae- Scenario 3
Fannie Mae- Scenario 3 No Income may be used! Customer Education: Rental Income on a Primary Residence Multi Family 10
Slide 12: Fannie Mae Reserves
Fannie Mae Reserves https://selling-guide.fanniemae.com B3-4.1-01, Minimum Reserve Requirements (10/07/2020) Customer Education: Rental Income on a Primary Residence Multi Family 11
Slide 13: Freddie Mac Rental Income Guidelines
Freddie Mac Rental Income Guidelines Customer Education: Rental Income on a Primary Residence Multi Family 12
Slide 14: Freddie Mac Rental Income
Freddie Mac Rental Income https://guide.freddiemac.com/app/guide/form/92 https://sf.freddiemac.com/content/_assets/resources/pdf/update/rental.pdf Let’s Review The New Rental Income Matrix And Form 92 Customer Education: Rental Income on a Primary Residence Multi Family 13
Slide 15: Freddie Mac Rental Income
Freddie Mac Rental Income Use Rental Income Matrix Updated July 2020 – Documentation and History – Lease requirements – Properties placed into service in current calendar year – Maximum eligible amount rent – Rental Income calculations – Establishing the DTI – Appraisal Forms – Investment Property M
Slide 16: Freddie Mac Rental Matrix
Freddie Mac Rental Matrix https://sf.freddiemac.com/content/_assets/resources/pdf/update/rental.pdf Customer Education: Rental Income on a Primary Residence Multi Family 15
Slide 17: Freddie Mac- Scenario 1
Freddie Mac- Scenario 1 No Income may be used! Customer Education: Rental Income on a Primary Residence Multi Family 16
Slide 18: Freddie Mac- Scenario 2
Freddie Mac- Scenario 2 No Income may be used! Customer Education: Rental Income on a Primary Residence Multi Family 17
Slide 19: Freddie Mac- Scenario 3
Freddie Mac- Scenario 3 Less than 1 year property management experience Calculated amount Not to exceed $1,501 Customer Education: Rental Income on a Primary Residence Multi Family 18
Slide 20: Freddie Mac- Scenario 4
Freddie Mac- Scenario 4 1 Year or more management experience Calculated income may be used. Customer Education: Rental Income on a Primary Residence Multi Family 19
Slide 21: Freddie Mac Reserves
Freddie Mac Reserves https://guide.freddiemac.com/app/guide/section/5501.2 Customer Education: Rental Income on a Primary Residence Multi Family 20
Slide 22: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines
Slide 23: Genworth Rate Express
Genworth Rate Express® & 800 444.5664 | 4 | meraTes UNDERWRITING & GUIDES | LOS & CONNECTIONS | GENWORTH TOOLKIT | TRAINING OUR BLOG | ABOUT US Genworth = a, Mortgage Insurance Rate Express ITIONS THAT MATTER Genworth Mortgage Insurance Rate Cards GenRATE ga YOU year! ttf,.: Quote Sweepstakes Resour
Slide 24: LOS Connections
LOS Connections NA & 800 444.5664 |G | Q Genworth == Ayre Mortgage Insurance mR Search Q S caaiecal @ VIEW ACCOUNT MI & RATES | UNDERWRITING & GUIDES LOS & CONNECTIONS | GENWORTH TOOLKIT | TRAINING OUR BLOG ABOUT US YOU-CENTRIC SOLUTIONS THAT MAT submit on Our Site Genworth Mortgage Insurance LOS Co
Slide 25: Training Tools and Information
Training Tools and Information
Slide 26: Training Tools and Information
Training Tools and Information 25
Slide 27: Additional MI Site Information
Additional MI Site Information
Slide 28: Your Genworth Resources
Your Genworth Resources ActionCenter®: 800 444.5664 Your Local Genworth Regional Underwriter Your Genworth Sales Representative
Slide 29: Legal Disclaimer
Legal Disclaimer Genworth Mortgage Insurance is happy to provide you with these training materials. While we strive for accuracy, we also know that any discussion of laws and their application to particular facts is subject to individual interpretation, change, and other uncertainties. Our train
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