Bulletin W13-060 - Update, Conventional Conforming DU Matrix

Topic included in Bulletin W13-060:

• Conventional Conforming DU Matrix has been updated.
• Updates include:
  • A separate grid within the matrix has been added to clarify requirements on loans with LTVs > 95%
  • Updated grid with Minimum Cash Investment for loans with LTVs>95%
  • Updated grid to reflect 2-4 Units >80% require 5% of the Borrowers own funds
  • Florida Condo Project eligibility requirements are clarified with the following (all other items remain the same):  Must be an established project and Fannie Mae Warrantable
• Updates are effective immediately.
• This communication updates Bulletins W13-031, W13-038 and the Underwriting Guidelines.

Download: Bulletin - W13-060 (PDF)