General World News

Fannie Mae to increase LTV ratios for purchase, cash-out refi loans on multi-unit properties in DU

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

The new DU update will be rolled out to the system during the weekend of Nov. 18, the company said.

“To expand access to credit and provide support for affordable rental housing, the maximum allowable details ⇒

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