Please note that our Matrix and guideline have been updated as follow:

UW Guideline Updates and Clarifications:

1. Gift Funds are allowed on O/O and 2^nd home Purchase or refinance Transactions ONLY!!!

1. We will finance up to Four (4) properties, including joint or total ownership.

·        EFFECTIVE DATE: Effective Immediately

Matrix Update:

VOE doc type Matrix is now aligned with Full Doc Matrix (Same Matrix for both Full doc and VOE doc type)

• VOE overlays on FICO, LTV Restrictions, occupancy and Transaction type have been removed.
• Attached Condos / PUDs are now eligible for Non-owner Occupied on VOE Doc Type.  This overlay has been removed.
• VOE Doc types are available on Conforming Fixed ONLY.

EFFECTIVE DATE: Matrix Update is effective for loan submission on or after 12/02/2010.  The loans in current pipeline are not eligible.