The July Selling Guide update includes policy changes to align with DU version 10.1, which allows more borrowers to received an Approve/Eligible with DTI ratios 45 to 50%, aligns the maximum LTV ratio for ARMs with fixed-rate up to 95%, and simplifies the risk assessment and messaging for loan casefiles with disputed tradelines.
Effective July 2017, credit reports will no longer include most tax liens and civil judgments. There will be no impact to the DU risk assessment and recommendations. There will be no change to our current policy that requires judgments and liens to be paid off before or at closing.
Trended credit data is now being used in DU.
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