Bulletin W13-059 - Update, Jumbo Matrix

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)