Fannie Mae Updates HARP 2 and Income Requirements

This Announcement describes updates to the Selling Guide including a number of enhancements and clarifications to DU Refi PlusTM and Refi PlusTM, many of which are in response to questions we received from lenders over the last few months. The update also includes extensive revisions to the Income Assessment Chapter in the Selling Guide, including policy changes, additional guidance to help lenders interpret and implement the policies, numerous editing of topics to provide clarity to existing policies, and removal of redundant or conflicting information. A few other miscellaneous updates to the Guide have been made. The Eligibility Matrix, eCommitONE User’s Guide, Home Affordable Refinance FAQs, Form 4506-T Lender Tips, and Standard ARM Plan Matrix have also been updated.

For full text

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2012/sel1204.pdf

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