Bulletin W1324 - Updated Underwriting Matrix

• The Underwriting Matrix has been updated and include the following topics:
  • All States – Flood Insurance, for all properties located in a flood zone, evidence of insurance prior to closing the transaction is required
  • Connecticut – All DU Refi Plus loan products are eligible
  • Idaho – Now available for the Wholesale channel
  • Kentucky – Now available for the Wholesale channel
  • Maine – Updated regulations regarding Power of Attorney and Borrower’s Right to Select a Title Attorney
  • Minnesota – List of updated regulations and requirements
  • New Jersey – Revised fee restrictions are listed and many of the Underwriting Conditions have been modified
  • New York - New York is now available to Retail and Wholesale channels.  Specific disclosures, notices and restrictions are listed
  • Pennsylvania – Updated regulations for loan amounts and re-disclosure requirements
  • Rhode Island – Updated specific high cost calculations regarding Seller paid costs
  • Tennessee – Now available to the Wholesale channel.  Specific disclosure are listed.
• Changes are highlighted and consolidated at the beginning of the matrix.

Download: Bulletin - #W1324 (PDF)