va mortgages dallas: VA Tip of the DAY - 12/22/11 08:11 AM
Tip of the Day
-Over the weekend, Fannie Mae updated the DU credit risk assessment for VA loans. Per the agency announcement, improved credit characteristics will be required to receive a DU Approval. This will likely result in a reduced number of VA loans receiving an Approved recommendation.
-Also, VA loans resubmitted to DU after the update will be reevaluated using the new credit risk assessment. It is possible some loans that previously received an Approve recommendation may receive a Refer after the update. (Gateway Underwriting matrix requires DU A/E. Credit Committee considers exceptions on case-by-case basis).

Jeff Schraeder (Southwest Funding)

Jeff Schraeder

Dallas, TX

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Southwest Funding

Office: 972(389) 464-9203

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Discover what others have, no one works harder to get you your dream house. Our experienced staff is here to work with you to develop your loan application quickly, accurately, and honestly to make the strongest case for you. Then we shop our network of wholesale lenders to find the loan program that fits you best. We pride ourselves in helping you get your questions answered with prompt, courteous service. We never forget that it is personalized one on one service that sets us apart from the rest.




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