DU/DO Changes Everything, Oh My! Revised Underwriting & Program Guidelines!

Big changes and a mandatory read! Part II is a major Fannie Mae underwriting and loan eligibility overhaul. Everything becomes effective in conjunction with a new version of DU, Version 7.0, which will automatically be implemented over the weekend of May 31^st.

There's always Freddie Mac to fall back on. Freddie has reduced LTVs and tightened a lot of their eligibility requirements, yet most of their underwriting guidelines haven't changed. If you can't get something through DU, always try LP!

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