Bulletin W13-152 - Update, Guidelines and Matrices

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)