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Radian to Insure High Balance, Higher LTV Loans

Mortgage News

Radian Guaranty Inc. has updated its guidelines to allow high-balance government-sponsored enterprise loans with higher loan-to-value ratios.

The mortgage insurance company said it is aligning its policies with recent updates announced by Fannie Mae
on high-balance loans.

Fannie Mae made changes to its
Federal Housing Finance Agency High-Balance loan requirements for purchase, rate-term refinances.

In Radian eBulletin 2015-5, the Philadelphia-based firm said the LTV ratios on its One Underwrite program was increased to 95 percent on owner-occupied purchase, rate-term refinances.

On two-unit properties, the LTV ratio was raised to 85 percent.

The expanded LTV ratios become effective with Desktop Underwriter Version 9.3, which is scheduled by Fannie Mae to be released on Dec. 12.

Radian additionally noted that it will support Fannie Mae’s new HomeReady program under One Underwrite guidelines.

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