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Fannie Mae DU and Recent Government Loan Changes - What to Expect.
FHA Incorporates Desk Top Underwriting - It's NOT as Automated as You Think - What to Expect!
This affects everyone! This can and will affect your paycheck. Remember the good ol’ days (2 years ago) when we could be lazy (at least I was) about looking up all those pesky guidelines. Heck, just run it through DU. It will tell you if it will fly and what you need for documentation. Well, that’s no longer the case because there are lots of things you need to check before you do so.
(Fannie Mae document issued 10/1/2008: DU for Government Loans)
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