VOE got better
Post date: Dec 09, 2010 2:23:48 AM
1. 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
2. Maximum CLTV/HCLTV's on Conforming Fixed & ARM have been updated;
· Purch & R/T Refinance O/O 1 unit - up to 95% CLTV/HCLTV (80% previously)
· Purch & R/T Refinance 2nd Home - up to 90% CLTV/HCLTV (80% previously)
· C/O Refinance O/O 1 unit - up to 85% CLTV/HCLTV (80% previously)