Tag Archives: Guideline updates

Two for Tuesday – DU 10.2 updates

#TwoforTuesday – Some great things are coming with DU updates in the next week it looks like.  As Fannie Mae updates the DU programming on March 17th they will be helping DTI’s in the 45-50% across several FICO buckets become more “approve-able”.

Seems FNMA and the programmers understand the behaviors of those getting loans.  And there will be more programming to prevent someone with multiple “apps” out there to rig the system.  You won’t be able to get an appraisal at one lender and a PIW with another.  If the appraisal is registered inside the fannie system, DU will kick out the PIW from the approval it looks like.

Some great updates that actually make sense, there was a couple more and I will recap those as more information becomes available.

Today’s SWWEEEEEETTTT Spot!  600-680 Fico FHA/VA loan is on point.  Also 680+ FICO with 80% LTV or more on the homeready program is also stellar pricing right now! Here’s an open link, you want to “compare” me, go right ahead, price your deal out and let me know how I stand —-> Quick Pricer