Bulletin W1278 - Updates to the Conventional Undewriting Manual

This bulletin announces the updates to the Conventional Underwriting Manual and Conventional Conforming Matrix.

• Conventional Underwriting Manual Updates
• Added “Private Transfer Fees” guidelines to the Purchase section
• Added “Reaffirmed Debt/Bankruptcy Concerning Individual Mortgage Loans” guidelines to the Significant Derogatory Credit Section
• Revised sections pertaining to the conversion of a primary residence to a second home or investment property
• Added “Primary Residence” and “Secondary Home or Investment Property” guidelines to the Reserve Requirements section
• Complete Revision History of the guide can be found on pages 10 and 11
• Updates posted to the Intranet

Download: Bulletin - #W1278 (PDF)