February 5, 2025

Announcement SEL-2025-01: Selling Guide Updates

In February, the Selling Guide has been updated to introduce new and updated cybersecurity requirements for lenders; update the Selling Guide requirements specific to policy changes with the release of DU Version 12.0; provide calculation details for early payoff reimbursement; expand the use of property data collection and hybrid appraisals; simplify program registration and documentation requirements for community land trusts; add military income as an income type eligible for validation using an asset verification report, and other miscellaneous updates.