During the weekend of July 29, 2017, Fannie Mae will implement Desktop Underwriter® (DU®) Version 10.1.
The changes in this release include updates to the following:
- DU Risk Assessment
- Maximum Allowable DTI
- Disputed Tradelines
- ARM LTV Ratios
- Self-employment Income Documentation
- DU Validation Service
- Property Inspection Waiver
- Updates to Align with the Selling Guide
- Retirement of DU Version 9.3
If successfully implemented, this new DU version increases the dept-to-income ratio up to 50% for certain loans and treats timeshare loans as installment loans.
Please see DU V. 10.1 Release Update | July 29, 2017 for more information and contact your favorite mortgage lender to learn more about how these changes improve your buying power.