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This new policy will apply to Refi Plus and DU Refi Plus mortgage loans acquired on or after January 1, 2013. Refer to Announcement SEL-2012-08, New Lender Selling Representations and Warranties Framework for complete details.
7 sie 2019 · August 7, 2019. The Selling Guide has been updated to include changes to the following: Lender Quality Control Processes. Construction-to-Permanent Financing for Manufactured Homes. Removal of DU Refi PlusTM / Refi PlusTM References. Appraisal Waiver Eligibility. Miscellaneous Selling Guide Updates.
6 kwi 2022 · A maximum LTV, CLTV, and HCLTV ratio of 95% applies to loans underwritten with DU and manually (CLTV ratio may be up to 105% when a Community Seconds® is being resubordinated). Manually underwritten loans are not subject to the occupying borrower DTI ratio of 43%.
Form 1007 is not required on DU Refi Plus loans if borrower is refinancing an investment property and using rental income to qualify. Rural properties require a minimum of 3 comps within the past 6 months within 10 miles of the subject property
PRODUCT DESCRIPTION First lien, fully amortizing, Fannie Mae Conforming DU Refi Plus; fixed rate only. The existing mortgage MUST be a Fannie Mae owned or guaranteed first lien mortgage. DU findings must indicate that the borrower and subject property address are DU Refi Plus eligible.
PRODUCT DESCRIPTION First lien, fully amortizing, Fannie Mae Conforming DU Refi Plus; fixed rate only. The existing mortgage MUST be a Fannie Mae owned or guaranteed first lien mortgage. DU findings must indicate that the borrower and subject property address are DU Refi Plus
Fannie Mae’s Refi Plus initiative offers refinancing flexibility to eligible borrowers who are current on their loans and whose loans are owned or guaranteed by the company and meet certain additional criteria.
