Carrington Wholesale Lending

Bulletin W13-152 – Update, Guidelines and Matrices

December 4, 2013Bulletins

Topic included in Bulletin W13-152:

  • Updated:
    • Conventional Conforming Matrix
    • HomePath Matrix
    • FHA Guidelines
  • Conventional Conforming Matrix
    • Maximum LTV reduced from 97% to 95% on Primary Residences, SFR loans
  • HomePath Matrix
    • Maximum LTV reduced from 97% to 95% on Primary Residences, SFR loans
    • Seller Contribution has been increased from 3% to 6% on Owner Occupied and Second Home loans when the CLTV is >=90%
  • FHA Guidelines
    • Requirements regarding shared wells have been added under the heading of “Water and Sewage Systems”
    • Clarification regarding Modular Home appraisal requirements has been provided and can be found under the heading of “Eligible Property Types”
    • Chapter 7 and Chapter 13 Bankruptcy requirements are now separated and specified under the heading of “Credit Components”
  • Updated guidelines and matrices have been published on the Intranet
  • The website will be updated

Download: Bulletin – W13-152 (PDF)

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