Tag: Mortgage Delinquency

Fannie Mae – 30 – Day Late Payments: We have an approve/eligible on a loan with more than two, 30-day lates on a HELOC, but the underwriter still says they cannot be approved.

Answer: I am not sure why the underwriter is saying the 30-day lates make the loan ineligible.  The requirements from the FNMA selling guide are below (regarding previous mortgage payment history requirements) – see highlighted text below.  The guidelines only call out ‘excessive’ mortgage delinquency and they provide a definition of excessive mortgage delinquency. 30-day […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.2 June Update – Dated April 24, 2018 – Effective June 23, 2018.

By: Lloyd Rutherford, Staff Writer Fannie Mae is updating DU to Version 10.2 next month.  With this update, you will need to understand what is changing and how this will affect what you input into the system so that you get the results you are hoping for.  Be sure to read through this update for […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top