MortgageCurrentcy Subscriber Library

Description:

The Selling Guide has been updated to include changes to the following:

▪ Use of rent payment history in Desktop Underwriter®: allow lenders to utilize a positive rent payment history to help increase homeownership opportunities for certain first-time homebuyers

▪ Credit score eligibility in DU®: update the credit score used by DU in the eligibility assessment when there is more than one borrower

▪ Qualified Mortgage policies: incorporate policies in Lender Letter LL-2021-11

▪ Update to Form 582: updates to provide more detailed instructions related to business continuity, cross-default provisions, and clear reporting standards.

▪ Miscellaneous updates:

• Lender down payment assistance:

• DU Version 11.0 Sept. Updates

In addition, updates to the following are described in this Announcement:

▪ Co-op document requirements: update to co-op document requirements

Document type:

  • Agency Bulletin/Form

Agency:

Fannie Mae

Download:

Scroll to Top