Fannie Mae’s new version of DU to focus on credit risks
Housing Wire
NOVEMBER 20, 2024
Status as a first-time homebuyer will now also count as “a mitigating factor in the DU Risk Assessment,” as research into the development process for the new version suggested that loans where a borrower identified themselves as first-time homebuyers “performed better than similar loans for borrowers that had previously owned a home.”
Let's personalize your content