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2 mar 2010 · This topic contains information on the accuracy of DU data, DU tolerances, and errors in the credit report, including: Ensuring DU Data and Delivery Information Accuracy. DU Tolerances for Refinance Transaction Loan Amount Changes. Other Errors in the Credit Data.
6 kwi 2022 · The following table describes the eligibility, underwriting, and other requirements for the RefiNow option. All standard Selling Guide requirements apply unless otherwise indicated below. All current provisions of Lender Letter . LL-2021-03, Impact of COVID-19 on Originations, continue to apply.
1 lut 2023 · Properties that were listed for sale must have been taken off the market on or before the disbursement date of the new mortgage loan. For the maximum allowable LTV, CLTV, and HCLTV ratios and credit score requirements for manually underwritten cash-out refinance loans, see the Eligibility Matrix.
5 maj 2021 · Lender Letter 2021-10 announced a new refinance option for Fannie Mae borrowers who are making their mortgage payments on time, and whose income is at or below 80% of the applicable area median income (AMI) for the subject property’s location.
Updates to Eligible Existing Loan Requirements for DU Refi PlusTM Mortgage Loans. Fannie Mae is updating the eligibility requirements for mortgages with certain types of credit enhancement or mortgage insurance coverage for DU Refi Plus mortgage loans.
Fannie Mae will update DU implementing changes. • HomeReady ® income eligibility will be limited to 80% AMI in ALL areas including low income. • DU Eligibility Assessment will also be updated the weekend of July 20 th
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.
