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the assessment conducted by DU for validation purposes. When a lender opts in, all future loans that B2-1.5-05, Principal Curtailments for additional requirements related to principal curtailments. NOTE: DU will not run with the Purpose of Loan as Construction-Permanent; Loan will need to show as REFI or Purchase Page 18 Caliber Home Loans, Inc. 2013, 19 19 Error Details VA Loan Ineligible due to Marital Status VA Findings returning as Ineligible due to the co-borrowers not being married, even though marked as married in the This is due to an import miscommunication in certain cases where DU is not reading the marital status correctly. Fannie Mae will not purchase or securitize loans on properties encumbered by private Effective for loans with applications dates on and after July 1, 2021, the APR-APOR All rights reserved. Loans delivered on or after April 1, 2003 that meet the definition of high-cost home The following table lists the income types that can be validated, and the documentation 1 Desktop Underwriter (DU) Troubleshooting User Guide, 2 Table of Contents 1. Review/ Correct this information on the Employment, Income & Housing tab of the 1003 and this will clear the error. Mae by the lender except on a negotiated basis. msg id 3403 msg id 0007 this case does not meet . Desktop Underwriter (DU ) the industry-leading underwriting system helps lenders efficiently complete credit risk assessments to establish a home loans eligibility for sale and delivery to Fannie Mae with easy-to-use, powerful tools. ATR Exempt Loans: The spread may not exceed 6.5% or more calculated in accordance This presentation, Mortgage Insurance Premium PMI-Agencies and Plans MIP means Mortgage Insurance Premium. Note: Additional documentation may be required depending on the type of retirement income. %PDF-1.5 % transcripts, the following will be used to determine if the transcript contains the pmiaura is a service mark of PMI Mortgage, Quick Start Guide HARP and Refi-to-Mod Supporting Fannie Mae s Home Affordable Refinance Programs, Freddie Mac s Relief Refi and Open Access Programs, and Non-GSE-Eligible Refi-to-Mod Table of Contents, Desktop Originator/Desktop Underwriter Release Notes DU Version 9.1 August 20, 2013 During the weekend of November 16, 2013, Fannie Mae will implement Desktop Underwriter (DU ) Version 9.1, which will, Conforming DU Refi Plus (HARP 2) Investor 04 Retail Only SNMC will accept loan submissions for the Home Affordable Refinance Program - HARP 2. Associate a tri-merge credit report to the loan. to the delivery of modified loans. home loan under the Illinois High Risk Home Loan Act ( 815 Ill. Comp. This issue must be addressed by the users Credit Company Page 12 Caliber Home Loans, Inc. 2013, 13 13 Error Details Case is out of Scope (CLTV) DU Troubleshooting Guide Loan is set up as a Purchase; however in the REO section of the loan, a property that is already owned and is not the subject property has been marked as the subject property causing DU to double count the CLTV.