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Du Refi Streamline Changes

posted Oct 29, 2010, 5:47 PM by Massey Kouhssari   [ updated Feb 10, 2011, 10:41 AM ] have implemented the following changes for DU REFI Streamline Refinances:

· A completed 1003 is now required.
· All income, asset and total monthly liabilities must be listed on the 1003.
· Income documentation is not required.
This change is effective on all submissions dated 10/25/2010 and later. This and other investor guidelines is due to the market conditions worsening and are all signs of a tighter credit markets.