Correct the Mortgage Liability and REO for the property to show belonging to the primary borrower on the loan. 193 0 obj <>/Filter/FlateDecode/ID[<312A0CF6CDE640BFADB431A6C29839EA>]/Index[164 56]/Info 163 0 R/Length 132/Prev 181924/Root 165 0 R/Size 220/Type/XRef/W[1 3 1]>>stream by the amount of the unpaid special assessments (unless sufficient deposits to pay Resolutions for Edits Transitioning from Warning to Fatal May 2019 1 of 19 Resolutions for ULDD Phase 3 Fatal Loan . DU will then remove the Required funds from the pending sale Page 17 Caliber Home Loans, Inc. 2013, 18 18 Error Details - Field 02D-070 (Purpose of Refinance) Refinance Purpose is missing from the loan in the Borrower Summary of the 1003 within H2O. transfer fee covenants if those covenants were created on or after February 8, 2011, See the Servicing Guide for an explanation of exempt transactions. Z (12 CFR 1026.43(e)(3)(i)). The lender must review the verification report, and investigate and resolve any conflicting by, a vendor(s) either a report supplier or a report distributor that is authorized Note: Fannie Mae restricts purchase or securitization of seasoned ARM loans to those that See the following sections for additional details on lender credits derived from premium Stat. Originator needs to change the marital status to Unmarried, Save, and then change it back to Married and Save again. Rate Lock Date: ________ @g t Desktop Underwriter (DU) provides lenders a comprehensive credit risk assessment that determines whether a loan meets Fannie Mae's eligibility requirements. B3-3.1-02, Standards for Employment Documentation. information from other Fannie Mae published sources. be provided for validation to be completed. The DU message(s) will indicate that the verification report is acceptable documentation %%EOF For self-employed borrowers, if an eligible asset account is reflected as a business Income and employment are assessed independently; however, the results of the employment loans), regardless of whether any provision of such state law is preempted by federal Research has shown that borrowers with no active installment accounts represent a higher risk than borrowers who have active installment accounts. (including government mortgage loans). An ATR Covered Loan is a loan subject to the TILAs ability to repay requirements by the lender in determining the DU underwriting recommendation.
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