September 14, 2016
10:00 am CST
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DU 10.0 Direct From Fannie Mae
Be sure and tune in as Fannie Mae covers not only the 10.0 changes, but also the reasons behind the changes.
The new DU Version 10.0 that is currently scheduled for implementation the weekend of September 24 is one of the most highly anticipated changes to DU in quite some time. This version has been promoted as one that will provide more certainty and simplicity to lenders, while expanding access to credit and sustainable homeownership for credit worthy borrowers.
The credit risk assessment has been enhanced with the use of trended credit data. It allows for automated underwriting for borrowers with no traditional credit as well as for borrowers with multiple financed properties.
Additionally, listen in to learn about changes to what is considered a risk layer as well as why some of the changes were made.