The update includes allowing certain transactions involving affordable LTV ratio calculations be underwritten by DU; increased
LTV, CLTV, and HCLTV ratios for certain Limited Reviews of condo projects; updates for leased solar panels; clarification
of the “value” used to determine mortgage insurance coverage for New York properties, including co-ops; and other miscellaneous
updates and changes.
Obtaining IRS Transcripts
Obtaining IRS Transcripts – Fannie Mae Policy provides information about our tax transcript requirements.
The announcement includes updates, clarifications, and simplifications relating to borrower income, assets, and employment;
and other selling policies and lender requirements.
Key Selling Guide Updates June 2015
New this month: Carlos Perez, Chief Credit Officer for Single Family, provides an executive summary of key selling policy
updates in the June 30 Selling Guide announcement.
The 2015 AMIs have been published on Fannie Mae’s website and will be implemented in Desktop Underwriter® the weekend of August
Desktop Underwriter Version 9.2 August Update Release Notes
Describes updates to DU scheduled for the weekend of Aug. 15, 2015, including implementing an affordable LTV ratio determination,
HFA message updates, 2015 Area Median Incomes, a data entry validation update, and other message updates.