DU News
Fannie Mae has annotated their DU Users Guide as of May 2008
I have also added this link to my blog under DU tip and then "Helpful Conventional Websites"
I thought I would point out a couple of changes for the next little while in regards to DU 7 here are two changes I noticed when reading the guide.
1-The level of risk associated with each property type is as follows, starting with those property types representing the least amount of risk:
• One-unit properties that are not in a cooperative project and are not attached condominiums;
• Attached condominiums, units incooperative projects, and two-unit properties;
• Three- and four-unit properties; and
• Manufactured homes, including those in a condominium or cooperative project
2-Self-employment will no longer be a risk factor with DU Version 7.0.
Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to www.naultfhatips.blogspot.com or www.mtgview.blogspot.com
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