Bulletin W13-060 – Update, Conventional Conforming DU Matrix
Topic included in Bulletin W13-060:
- Conventional Conforming DU Matrix has been updated.
- Updates include:
- A separate grid within the matrix has been added to clarify requirements on loans with LTVs > 95%
- Updated grid with Minimum Cash Investment for loans with LTVs>95%
- Updated grid to reflect 2-4 Units >80% require 5% of the Borrowers own funds
- Florida Condo Project eligibility requirements are clarified with the following (all other items remain the same): Must be an established project and Fannie Mae Warrantable
- Updates are effective immediately.
- This communication updates Bulletins W13-031, W13-038 and the Underwriting Guidelines.
Download: Bulletin – W13-060 (PDF)