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.