Du Refi Streamline Changes
Post date: Oct 30, 2010 12:47:9 AM
BankerBroker.com 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.