New DU Version Eases DTI Requirements

by: Jann Swanson New DU Version Eases DTI Requirements May 31 2017, 10:55AM Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1.  The new DU version will be implemented on or after the weekend of July 29. The changes are outlined in release notes issued on Tuesday…

The truth about credit inquiries.

When someone requests to pull your credit report, it will usually affect your credit score. Having too many inquiries of a particular type can actually have a negative effect. But the key to understanding which types of inquiries will hurt your credit score is knowing the difference between “hard” and “soft” inquiries. Hard inquiries When you apply for a new…