Announcement - FNMA 2-4 Unit Alignment

Effective with the Fannie Mae DU release over the weekend of November 18^th, PHH will align with the change allowing LTV’s up to and including 95% for Owner Occupied 2–4-unit Purchases and Rate/Term refinances.  New locks will be accepted as of Monday November 20^th.

• Loans must score Approve/Eligible through Desktop Underwriter and meet all other Agency and PHH requirements.

If you have any questions, please contact your Correspondent Specialist, Sales Executive, or contact us via the support line at 1-800-929-4744.