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
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.
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.
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.