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DU Version 10.0 and 10.1 August Update
Effective Saturday, Aug. 19, Desktop Underwriter will update Property Inspection Waiver offers to include some purchase transactions.
July 2017 AQM List Posted
The July 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
EarlyCheck V. 5.3.2 Coming Sept. 23
Several edits will be modified in EarlyCheck during the weekend of Sept. 23.
Key Selling Announcement SEL-2017-06 Updates
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis, Vice President, Credit Policy, and the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family
Selling Guide Updates
July updates: Policies to align with DU version 10.1 including max DTI ratio of 50%, max LTV for ARMs up to 95%, and simplified process for disputed tradelines; loan eligibility for borrowers with employment offers/contracts; flexibility for borrowers with student loans, mortgages paid by others, alimony obligations, and timeshare accounts; document custody requirements streamlined; and changes to seller/servicer fidelity bond and omissions insurance requirements, effective Oct. 1, 2018.
EarlyCheck V. 5.3.1 Is on the Way
Several new and modified edits will be implemented during the weekend of Aug. 27, plus updates to ARM LTV Ratios.
Customizable Condo Buyer’s Guide
A customizable Condo Buyer's Guide has been added to the offerings in our Marketing Center. Add your logo and contact information and provide an online or print-ready version to potential condo buyers.
HomeReady Mortgage Income Limits Updates
Effective the weekend of July 8, 2017, updated HomeReady income limits will be implemented in Desktop Underwriter (DU) and in the HomeReady Income Eligibility Lookup tool. Read the Selling Notice for more information.
New Quarterly Compass
Discover Q2 2017 news and timelines related to Fannie Mae technology, policy, training opportunities, and beyond.
Lender Letter LL 2017-02: Credit Report Changes
Effective July 2017, the credit reporting agencies will no longer include most tax liens and civil judgments in credit reports. Read Lender Letter LL-2017-02 for more information.
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