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Fannie Mae Expands Eligibility for
High-Balance Loans
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Fannie Mae recently expanded eligibility for
high-balance loans to help lenders serve creditworthy borrowers in high-cost
areas. Maximum loan-to-value ratios are now aligned with Fannie’s standard
eligibility up to 95 percent. To simplify lender processes, Fannie also
removed many policy overlays that applied only to high-balance loans. These
updates will be implemented in Desktop Underwriter Version 9.3 the weekend of
Dec. 12. ---ICBA
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St Casimirs Mortgage Minute. . . Help in navigating the mortgage application process. Get advice from Nelson Bayne, 410-342-1404 mortgage specialist with over 35 years of experience in the Baltimore metro area.
Wednesday, October 21, 2015
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