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.

THE INVENTORY FOR RESIDENTIAL HOMES IN THE TAMPA BAY AREA IS LOW, BUT IT IS STILL POSSIBLE TO FIND THE RIGHT HOME AND TAKE ADVANTAGE OF THE LOW INTEREST RATES. GIVE ME A CALL.