April 2, 2025
Announcement SEL-2025-02: Selling Guide Updates
In April, the Selling Guide has been updated to combine Desktop Underwriter® (DU®) and Condo Project Manager™ (CPM™) technology, clarify how to calculate the loan-to-value ratio when determining the mortgage insurance for transactions on co-op properties in New York State, clarify the use of Income Calculator and calculations for rental income reported on Schedule E, and other miscellaneous updates.