condos: FNMA Update - NO CONDO FINANCING
- 01/06/10 12:14 PM
FNMA Announcement 09-37 Dec 30, 2009. Amends these Guides: SellingIntroductionThis Announcement contains the following updated policies: FHA-Approved Condo Projects, Credit Score Versions, DU Refi Plus and Refi Plus Updates, and Other Updates to the Selling Guide Discontinuance of accepting FHA-approved condo projects for conventional mortgage loans Acceptable credit score versions for manual underwriting Acceptable subordinate financing for DU Refi PlusTM and Refi PlusTM Changes to existing mortgage loan eligibility for Refi Plus mortgage loans Each of these changes is briefly described below. With this Announcement, Fannie Mae is beginning a regular process of simultaneously updating the affected topics in the Selling … (0 comments)
FNMA Announcement 09-37 Dec 30, 2009.
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