Update to HARP 2.0

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DIRECTLY FROM FANNIE MAE

“During the weekend of March 17, 2012, Fannie Mae will update Desktop Underwriter Version 8.3 to implement enhancements to DU Refi Plus (HARP)

The following enhancements will be made in DU to expand eligibility.

Maximum LTV ratio for DU Refi Plus loan casefiles is being removed for DU Refi Plus fixed-rate mortgages with terms up to 30 years, and there will continue to be no limits on the CLTV or HCLTV ratios.

The maximum LTV ratio limits for all occupancy and property types are:

  • No maximum LTV ratio for fixed-rate mortgage loan casefiles with terms up to 30 years.
  • A maximum LTV ratio of 105% for fixed-rate mortgage loan casefiles with terms greater than 30 years up to 40 years, and for adjustable rate mortgage loan casefiles with initial fixed periods greater than or equal to five years and terms up to 40 years (as permitted by the ARM plan).” FANNIE MAE

READ MORE here DIRECTLY WITH FANNIE MAE

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