During the weekend of May 16, 2020, Fannie Mae will be implementing updates to their Desktop Underwriter (DU) Version 10.3. These updates will apply to loans using DU Version 10.3 that are submitted during or after the weekend of May 16, 2020, unless otherwise specified. These updates affect the following items:
- Housing Goals Messages
- DU Underwriting Findings Report
- Real Estate Owned Data in Debt-to-Income Ratio
- Updates to Align with the Selling Guide
Additional details for each the above items are available in Fannie Mae’s DU Version 10.3 May update release notes, dated April 15, 2020 (link below).