Please review the Client Guide for recent updates. A summary of the changes is below:
- Chapter 4, Calculating Interest (pg. 5): per diem interest calculation updated.
- Chapter 4, IRS Form 4506-T (pg. 22): requirements updated to align with agency requirements.
- Chapter 5, FNMA Conforming Product (pg. 3): investment 1-unit maximum LTV/CLTV updated to sync with FNMA.
- Overlay Matrix, LTV/CLTV (pg. 2): conventional investment 1-unit max LTV/CLTV overlay removed to match FNMA guidelines.
- Approved DPA Programs: additions noted in red text.
Please contact your Regional Sales Manager if you have questions.