Relaxed Requirements With Fannie DU Updates
Version 10.1 goes live this summer
May 30, 2017
By Mortgage Daily staff
This summer, the Federal National Mortgage Association is updating its automated underwriting system with more relaxed requirements for ratios, credit and adjustable rates.
Monday, May 29, 2017 - Memorial Day
In observance of the Memorial Day holiday, our company headquarters will close at 3:00PM local time on Friday, May 26th.
All EMM offices will be closed on Monday, May 29, 2017.
Please note that the EMM lock desk will close at 2PM EST on Friday, May 26, 2017.
The lock desk will be closed on Monday, May 29, 2017 and EMM will not issue rate sheets.
Be sure to request any necessary extensions to accommodate the rescission period.
Normal business hours will resume on Tuesday, May 30, 2017.