Bulletin W13-059 – Update, Jumbo Matrix

June 27, 2013Bulletins

Topic included in Bulletin W13-059:

  • Jumbo Matrix has been updated, effective immediately
  • Updates include:
    • State specific LTV/CLTV reduction for properties located in Arizona, Florida and Nevada has been retired.  The 5% LTV/CLTV reduction remains when the appraisal indicates a declining market in Neighborhood Section Housing Trends or 1004MC Median Comparable Sales Price
    • Maximum cash-out has been increased to $250,000 with loan amounts up to $1,000,000 (the previous cash-out maximum was $150,000)
  • The website has been updated
  • This communication updates Bulletins W13-027, W13-030 and W13-045

Download: Bulletin – W13-059 (PDF)

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