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Fannie Mae Update for Agency Conforming Programs

November 26, 2013
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Important: All loans with DU 9.0 findings must be submitted to CMS Underwriting no later than December 1, 2013

  • Fannie Mae's Desktop Underwriter was updated to 9.1, not allowing LTVs > 95%
  • This update excludes DU Refi Plus and HomePath
  • DU findings ran under Version 9.0 that have expired require a new DU using 9.1
  • All Loans submitted using Version 9.0 with LTV>95% must be manually locked

 

LOANS MUST BE LOCKED IN MARCH!

Contact your Account Executive with questions.

Submit a Loan Scenario

 

 

Become Approved

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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