Understanding Desktop Underwriter - Advanced Guidelines ...

Understanding Desktop Underwriter? - Advanced Guidelines and Updates

February 2020

?2020 Genworth Financial, Inc. All rights reserved.

Agenda

In Today's Session

? Fannie Mae Website ? Understanding Recommendations ? Understanding DU? Risk Analysis ? Credit, Income and Asset and Appraisal Messages ? Data Integrity Reminders and Fannie Mae Updates ? Genworth Website

Today's Session Addresses Only Conventional Loans

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Fannie Mae Website - Single Family

Understanding Desktop Underwriter Advanced





Understanding Desktop Underwriter Advanced

Fannie Mae Communications

Announcements, Lender Letters, Release Notes...

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Selling Guide SEL 2020-01

Highlights include:

Rental housing payment clarification Rental income correction Delaying effective date for calculating the

monthly real estate tax payment Miscellaneous updates including rep &

warrants and a clarification regarding HomeReady and resale restrictions

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Lender Letter LL-2020-01

Highlights include:

Updated ARM Notes and Riders LIBOR ARMs will be retired by the end of

202 Anticipate delivery of SOFR ARMs to

begin in second half of 2020 Future retirement of CMT (constant

maturity Treasury securities) at some point in 2020

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Updated Timeline for URLA



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