On July 29, Fannie Mae will activate an update to “Desktop Underwriter,” the software that analyzes borrower applications and grants approval — “DU” in shorthand spoken with reverence or disgust throughout the industry. This update will make it easier for us to approve loans.
- To get 50 percent DTI you must have very high credit scores and cash reserves after closing.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills