Radian Guaranty Inc. expanded its mortgage insurance guidelines.
Rate-term refinances are now eligible for mortgage insurance on full-documentation prime and nonprime loans, according to eBulletin 2010-01 released yesterday. The changes reflect expanded standard guidelines at the Philadelphia-based mortgage insurance firm.
In addition, attached condominiums and attached planned-unit developments are also eligible with full documentation. However, only retail originations are allowed for these property types.
Radian noted that its full set of standard underwriting guidelines includes important details about the changes.
read full set of Radian’s standard underwriting guidelines
