More opportunities and certainty in lending
We help ensure stability in the market by facilitating sound lending practices and creating solutions designed to help reduce homeownership barriers for underserved communities and future generations. Through recent product enhancements, policy updates, and innovative underwriting solutions, Fannie Mae supports the housing market.
Asset validation enhancements for the DU validation service
Asset validation enhancements for the DU validation service
The DU validation service will be updated on August 17th with enhancements intended to improve asset validation, including validation up to the total balance of liquid accounts, consideration of net equity, evaluating assets when reported assets are not sufficient to cover closing costs, and more. Read the release notes to learn more.
New and updated solutions:
DU early assessment
Provides lenders the ability to enhance their pre-qualification process with a conditional DU recommendation.
Income Calculator
Calculate income for self-employed borrowers via new web interface or through a TSP.
Streamlined data validation
Use a single data source to validate assets, income, and employment.
Recent Updates to Our Underwriting Policies
Our journey toward a more equitable housing market
We continue to help make housing more accessible and affordable by harnessing technology and data to set new standards in a way we believe is safe and secure. Our latest enhancements to increase LTV ratios for loans on multi-unit residences and removing the number of borrowers included on a mortgage application as a risk factor in DU's assessment are just two steps along our path to help reduce homeownership barriers for underserved communities and future generations. Our journey continues toward housing that’s accessible and affordable to all.
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