Monthly Archives: January 2012

FNMA construction-to-Perm LTV Calculation Changes

January 31, 2012 — FannieMae published Announcement SEL-2012-01 on January 31, 2012, changing the methodology on how to calculate the LTV for construction-to-perm transactions that are processed as refinances (see below). This change allows the use of fair market value regardless of how long the borrower has owned the lot, eliminating the use of the acquisition cost approach if …
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