Fannie Mae will release DU Version 10.3 the weekend of December 8, 2018. New loans submitted to DU, or loans re-submitted to DU on or after the weekend of December 8th will be subject to the changes.
Highlights of DU version 10.3 include:
DU Risk Assessment
The DU credit risk assessment is being adjusted to align with 2018 market conditions (i.e. rising interest rates, declining refinance transactions, and higher LTV lending).
Fannie Mae indicated DU will:
- Continue to analyze each loan using variables that have been shown to be predictive of mortgage delinquency and
- Address market expansion into loans with multiple high-risk factors with more effective management of risk layering
Fannie Mae anticipates a slight reduction in loans receiving an “Approve/Eligible