Tag: REO

Fannie Mae – DU/DO Release Notes DU Version 10.3 May 2020 Update – Dated April 15, 2020 – Effective May 16, 2020

Written by: Lloyd Rutherford, Staff Writer The more that you know about how to use DU/DO, the more success you will have when you try to get a loan approved.  Take advantage of our expert’s notes in this article. Rule Synopsis: Fannie Mae announces an update to DU Version 10.3. The changes in this release […]

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Are Properties Owned by a Business Considered Borrower Obligations?

Question: I have an investor with multiple properties all in the name of their corporation. If the borrower’s corporation or partnership holds their properties, do we include those properties in the real estate owned section, or only property that is in the borrower’s personal name? Answer: None would be included in the count (see guidelines […]

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Fannie Mae – DU Job Aid – Debt-to-Income (DTI) Ratio – Dated June 3, 2019 and DU Job Aid Total Expense Ratio < Housing Expense Ratio Error Message – Dated June 3, 2019

Written by: Lloyd Rutherford, Staff Writer If you master DU you are one step ahead of the competition and you dramatically reduce processing time! These Job Aids should help you get one step closer to expert status. Rule Synopsis: Fannie Mae published two new job aids: DU Job Aid Debt-to-Income (DTI) Ratio, and DU Job […]

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