Watch Jude describe the December Selling Guide Update.
Access the Guide via the link below or AllRegs.com.
Provides information and resources related to condo, co-op, and planned unit development (PUD) project eligibility and requirements, including review types and insurance requirements.
View a variety of resources and training to help lenders build effective strategies to manage risk through a focus on loan quality. Includes a link to the Appraiser Quality Monitoring (AQM) list.
The following updates were made in December: expanded the DU validation service to include assets and employment; introduced relief from reps and warrants on property value for loans with Collateral Underwriter risk score of 2.5 or lower; discontinue the Property Inspection Waiver fee for loans delivered to Fannie Mae on or after Jan. 1, 2017; clarified when lenders must update appraisers of changes to a sales contract; and other miscellaneous 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/or the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
During the weekend of Dec. 10, 2016, the general and high-balance loan limits will be implemented in DU for loans to be delivered on or after January 1, 2017.
Find a range of mortgage products, eligibility options, and solutions to help lenders meet borrowers' needs. Includes information on 97% LTV options, HomeReady, and more.
Find resources to support your Spanish speaking customers—all in one place.
Stay on course with upcoming news and timelines.