The release of Desktop Underwriter® Version 10.1 means more convenience for borrowers applying for conventional loans, cutting back on appraisals, project reviews, and self-employment income requirements. Not only that, Fannie Mae allows for shortened or truncated asset account numbers to further Read more
A Sight to Behold: Fannie Mae Removes Project Reviews for Site Condos
Project reviews on condo, co-op and planned unit development projects safeguard Fannie Mae’s interest in mortgages securing units in those projects. But a subset of detached condominiums called site condos has earned an exception from Fannie’s rigorous project risk review.Site condos are not the Read more
