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2017 Underwriting Update - Part 1

2017 DU Underwriting Updates

Over the weekend of July 29th, 2017, Fannie Mae rolled out it’s latest major update to Desktop Underwriter (DU), Version 10.1.

DU is Fannie Mae’s automated underwriting system that is used to decision Fannie Mae Conventional, FHA and VA home loans.  DU version 10.1 rolls back some significant flexibilities that existed prior to the great real estate and mortgage crash of 2008.

In this episode, Josh Lewis and I tackle 3 of the biggest changes that could affect the most people either buying, or refinancing a home.

Links and Resources

Below you will find links to some of our most popular articles about this update that expand on the points that we touch on in this conversation.

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Related Articles

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About the Author

Scott Schang

A 20 year veteran of the Mortgage and Real Estate industry, I am passionate about educating and empowering consumers. I have been writing about consumer protection issues, and making sense of complicated real estate and mortgage topics on this website since 2007

Leave a Question or Comment About this Topic

  • Wanda Snyder says:

    how far out from a chapter 7 bankruptcy can I get to buy a home?

    • Scott Schang says:

      Hi Wanda,

      The answer to that question will depend on the type of financing that you are applying for. For traditional financing, the waiting period is 2 years for FHA financing, 2 years for VA financing, 3 years for USDA financing, and 4 years for Conventional financing.

      If there was a mortgage included in the bankruptcy, that could affect these timelines.

      If you would like, you can email me directly with the details of your situation, and I can try to get you pointed in the right direction. My email is scott@findmywayhome.com

      Hope this helps?