Fannie Mae Update for Agency Conforming Programs

November 26, 2013Company News

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
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