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GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


DU Updates Go Live This Weekend

April update of DU Version 8.0

April 16, 2010

By MortgageDaily.com staff


An updated version of Fannie Mae's Desktop Underwriter will be implemented this weekend.

The secondary lender issued a statement today reminding sellers about the April 17 update of DU Version 8.0.

Among the impacted programs is DU Refi Plus. The updates relate to borrower eligibility and verification requirements. More information will be provided with the DU Refi Plus enhancements.

The updates will support new verifications required as are part of Fannie's loan quality initiative. Among the changes are new messages for verification of Social Security Numbers and occupancy that must be resolved prior to loan delivery.

The updated 8.0 version will implement the HFA Affordable Advantage community lending product. A message will be issued on all HFA Affordable Advantage loan casefiles reminding lenders that they must have already been approved by Fannie to deliver the loans.

Fannie Mae profile

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Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.



Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.



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