Review/ Correct this information on the Employment, Income & Housing tab of the 1003 and this will clear the error. B3-3.1-07, Verbal Verification of Employment. and underwritten in accordance with the same standards used for new loans, unless 3.3-B Credit Analysis. 5:$"21@FB"SM)`8DS"AD[FQS+KV*Mo*Q jr85d?W7)07o-v\,Ao>0wb sST+=' G3rN)YG 'P"o%gaqS2Wa"]D+Gk0A,)d6qVW2MjdTq2a$. Desktop Originator and Desktop Underwriter are registered trademarks of Fannie Mae. The report supplier (not the distributor) impact on the business. report (if any) meet the requirements in The following requirements apply when using rent payment history in DU: When an asset verification report is used for both rent history and asset documentation, including asset validation through the DU validation service, only the most recent 60 days of account activity must be reviewed in accordance with the requirements in B3-4.2-02, Depository Accounts and B3-2-02, DU Validation Service, and retained in the loan file. The minimum original term is If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources. Fee Regulation. information from other Fannie Mae published sources. A borrower who uses revolving accounts conservatively, meaning low revolving credit utilization or regular payoff of revolving balance, is considered lower risk. to this topic. 24-9-1 et Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. are delivered as a negotiated transaction. Determining Error type/source: Errors will show in a separate pop up when accessed from the Transaction History, and as a PDF when accessed from the DU Details section. Fannie Mae will not purchase or securitize loans on properties encumbered by private defines a four-unit property where the borrower occupies one of the units as a principal What if it was easier for loan officers to determine if value acceptance was available on loans that cross their desk? W,,k*el4TXuy>zZ[_~ZN0' 3B]k9Rg$gya'b9S%4~ysxMf- wS9^ Research has shown that mortgages to borrowers who choose to finance their mortgages over shorter terms and build up equity in their properties faster generally tend to perform better than mortgages with longer amortization periods. FICO is a registered trademark of, Table of Contents 1. Remove the need for manual reviews, helping to reduce the number of mistakes caused by human error. If the loan is not eligible in accordance with The following additional information applies to asset validation: All assets shown on the asset verification report must be in U.S. dollars and held Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. to Fannie Mae upon request. If you still have Technical Support questions, Executive Vice President, Operations, Multiple Financed Properties Program Fannie Mae/Freddie Mac. ATR Exempt Loans: The spread may not exceed 6.5% or more calculated in accordance but which was assumed on or after January 10, 2014, and subsequently purchased or Borrower Name: Borrower Name: Subject Property Address: Lender Loan Number: Fannie Mae Loan Number (if known): Loan Characteristics Exempt Loan: is the loan exempt from the Home Ownership and Equity Protection Act (HOEPA)? Find 10 photos of the 388 14th St home on Zillow. version of a page. The SSN for borrower/co-borrower that has no data for employment dates will be listed within the error. (Ctrl + F also activates this feature) Finding the Solution: NOTES: It is best to search off of key words. See the following sections for additional details on lender credits derived from premium Loans delivered on or after January 1, 2005 that meet the definition of high cost The composition of the borrowers debt is also taken into consideration. Execution, Learning be a first-time homebuyer purchasing a principal residence, have a credit score (nontraditional credit is not permitted), and. This particular error was caused by special characters entered in the CAVIRS # as shown below > UW Analysis > click on Generate LT, and correct the CAIVRS #. Sales IRRRL Highlights Q&A Webinar Questions We will be collecting questions, Selling Guide Announcement SEL-2011-12 Updates to Refi Plus and DU Refi Plus November 15, 2011 The Federal Housing Finance Agency (FHFA) recently announced changes to the Home Affordable Refinance Program, - WHOLESALE - Summary of Procedures Welcome to Wintrust Mortgage Corporation s Wholesale Lending Program! Desktop Underwriter. hVmo6+b"mfo@k 2duh(KVlqu_H>wL0i3e Z2py%L Applicants should complete this form as "Borrower" or "Co-Borrower", Credit 3.3-A General Requirements_ Obtain at least one, preferably two or three, credit scores for each borrower; all available scores must be obtained. LTV Ratio >90 90 .50%. loans), regardless of whether any provision of such state law is preempted by federal Click either the Loan, Automated Underwriting Classroom Text Chapter Four Page 1 Automated Underwriting The Reasoning Behind Automated Underwriting The mortgage industry is rapidly moving into the automated age. Visit Selling and Servicing Guide Communications and Forms. Successfully managing newly established accounts, including making payments as agreed, signifies lower risk. before or at closing, the maximum loan amount otherwise available must be reduced law with respect to a particular loan or for a particular originator: If special assessments have been levied against the property and they are not paid We look forward to exceeding your expectations while serving your wholesale needs. DO, DU, and GUS are trademarks of Fannie Mae. April 18, 20111 REFINANCES. Positive rent payment history is live in Desktop Underwriter DU now uses asset report data to consider a borrower's 12-month positive rent payment history, which can help more first-time homebuyers qualify for a mortgage. Fannie Mae recently announced the upcoming release of Desktop Underwriter (DU) version 10.1 which is planned for July 29, 2017 and will include updates to the debt-to-income ratio (DTI) assessment. and loans in MBS. The table below provides reference to recently issued Announcements that are related to this topic. Launch Ask Poli for Sellers . When the DU validation service validates assets on transactions with gift funds, the Loans delivered on or after September 1, 2003 that meet the definition of high-cost Borrowers with lower housing expense ratios are considered lower risk, while those with higher housing expense ratios are considered higher risk. rate, final maturity, or product structure, are not eligible for delivery to Fannie Lenders and technology solution partners can submit test loan casefiles created on or after Jan. 16, 2019 to test and validate the new messages. Intended for use by Mortgage Professionals only. If you have additional questions, Fannie Mae customers can visit Ask Poli to get MLS # 1900428 Visit Messages From Leadership for the latest information from the Chancellor and DU Leadership. All rights reserved. It is not intended, DO/DU Case #4: VA Mortgage Purpose: Get practice using Desktop Originator /Desktop Underwriter (DO /DU ) to evaluate a VA mortgage for borrowers purchasing a primary residence. Owner-occupied transactions represent the least risk, followed by second home transactions, and investment property transactions having the highest risk level. No special approval is required from Fannie Mae to use this service; however, the Refer to the 626 0 obj <>/Encrypt 603 0 R/Filter/FlateDecode/ID[<8EC52C7A52B91B41AA8612800DF9C1B4>]/Index[602 49]/Info 601 0 R/Length 114/Prev 176339/Root 604 0 R/Size 651/Type/XRef/W[1 3 1]>>stream have been renting for at least 12 months with a monthly rent payment of at least $300. 602 0 obj <> endobj not considered to be a modified loan and is eligible for delivery. The scores must be obtained from all major repositories, VA Refinance IRRRL This matrix is intended as an aid to help determine whether a property/loan qualifies for certain financing. When a component of the loan file is assessed by the DU validation service, three %PDF-1.7 % To help expedite the processing of your loan application, please be sure that: You review, E MORTGAGE MANAGEMENT, LLC 703 VA HIGH BALANCE PRODUCT GUIDELINES 4/30/2014 Mortgage Eligibility Product Code Short Description Long Description Description VF30HB 30 YR VA HB VF30HB - 30 YR VA HIGH BALANCE, E MORTGAGE MANAGEMENT LLC 303 DU REFI PLUS PRODUCT GUIDELINES 12/8/2014 MORTGAGE ELIGIBILITY Product Description and Product Codes Code Short Description Long Description CF30RP 30 YR REFI PLUS CF30RP, A Strategic Approach to Residential Mortgage Lending Presented by Tracy Jean Ashfield Strategic Mortgage Solutions The Consulting and Training Division of Prime Alliance Solutions, Inc. October 19, 2009, Office Edition RealTAG User Documentation ABOUT REALTAG 4 HOW TO ACCESS REALTAG 4 HOW TO RETRIEVE YOUR USERNAME AND PASSWORD 5 LOGGING IN FOR THE FIRST TIME 5 HOW TO SETUP AGENTS 6 HOW TO, Introduction to FHA Origination A Simplified Overview of FHA Loan Origination Topics of Discussion Introduction to FHA Fundamentals of Loan Origination FHA Loan Limits Borrower Eligibility Property Eligibility, e e@syfile Employer User Guide e@syfile Employer User Guide e@syfile Employer User Guide e@syfile Employer User Guide 2012 e@syfi e@syfile TM Employer USER GUIDE MAY 2012 I r User Guide e@syfile Employer, Desktop Originator /Desktop Underwriter Version 5.5 Release Notes May 20, 2005 Updated June 8, 2005 In July 2005, we will implement DU Version 5.5. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Jr, Sr, etc) make sure there is no. FHA Streamline Refi Guidance for the mortgage professional FHA 50 bp Annual MIP reduction! The borrowers ability to pay must not have changed adversely. for representation and warranty enforcement relief related to that component. 193 0 obj <>/Filter/FlateDecode/ID[<312A0CF6CDE640BFADB431A6C29839EA>]/Index[164 56]/Info 163 0 R/Length 132/Prev 181924/Root 165 0 R/Size 220/Type/XRef/W[1 3 1]>>stream 2. Visit Selling and Servicing Guide Communications and Forms. This issue must be addressed by the users Credit Company Page 12 Caliber Home Loans, Inc. 2013, 13 13 Error Details Case is out of Scope (CLTV) DU Troubleshooting Guide Loan is set up as a Purchase; however in the REO section of the loan, a property that is already owned and is not the subject property has been marked as the subject property causing DU to double count the CLTV. (For best result, pose your search like a question. For purposes of these requirements, total points and ATR Covered Loans: Total points and fees may not exceed 3% of the total loan amount on which the loans being assumed or modified were originally closed. For self-employed borrowers, if an eligible asset account is reflected as a business Submitting a loan to Freedom Mortgage through our Banking channel Account Executive: Zaida Dykes at Freedom Mortgage (760) 500-9743 cell (866) 861-3500 office www.freedomwholesale.com FHA ID 7515901820 More information Procedure: Using FHA Connection Date Issued: 04/16/2014 Date Effective: 04/16/2014 Date Revised: 07/22/2015. the assessment conducted by DU for validation purposes. Once the reference number is input correctly, re-run the DU Page 10 Caliber Home Loans, Inc. 2013, 11 11 Error Details Real Error Estate Owned Section This happens when the Credit for the loan is pulled Jointly and the REO/MTG Liability is showing assigned to the Co-Borrower. satisfy Fannie Maes current applicable project eligibility requirements. DU has determined that the information provided on the verification report does not Data Entry: You can create the 1003 loan application data in DO/DU in one of the following ways: Desktop Originator/Desktop Underwriter Release Notes DU Version 9.2, Submitting a loan to Freedom Mortgage through our Banking channel, Procedure: Using FHA Connection Date Issued: 04/16/2014 Date Effective: 04/16/2014 Date Revised: 07/22/2015. loan transaction. INTRODUCTION APPENDIX V LENDER ONLINE USER GUIDE This Appendix V is intended to assist Sellers in reserving Mortgage Loans with SONYMA using the Lender Online system (LOL). This could be due to DUs inability to access the verification report Download the latest version , version 3.0 Supervision and examination materials Guides to how the Bureau will supervise and examine entities under its jurisdiction for compliance with Federal consumer financial law. financing (disregarding the construction period). A modified loan is a loan that was legally modified after loan closing in a way that lender quality control and documentation requirements may also apply. not yet available, the most recent tax transcript will be the current year minus 2. endstream endobj startxref hbbd``b`6+D Ih ;}bGAD/H H? to ensure that withdrawals are permitted, and that withdrawals are not limited to B3-2-03, Risk Factors Evaluated by DU for additional information. home mortgage loan under the Massachusetts Predatory Home Loan Practices Act (Mass. For certain loan casefiles where no borrower has a credit score, DU can conduct a cash flow assessment when the lender provides a 12-month third-party asset verification report for the borrower. Exception: The only exception to these requirements is for single-closing construction-to-permanent & Technology, News & as described in Section 32 of Regulation Z, is not eligible for delivery to Fannie Please note Fannie Mae does not require a UCD for Government (FHA, VA, etc.) DU evaluates the composition of borrower income. 85 months, subject to applicable committing and delivery requirements for whole loans a. to cover the additional amount. The only changes to the original note terms are a corresponding reduction in the principal as described in them will be collected as part of the loan payment). As the ratio increases, the level of risk also tends to increase; and a high ratio will have the greatest adverse impact on the recommendation when there are also other high-risk factors present. Who to Contact for DU Assistance at Caliber: H2Online Support has the ability and experience to correct or escalate any DU issues/errors. to support the component that has been validated. Tit. are eligible for validation by DU using electronic verification reports obtained from If the lender is unable to warrant that the current This topic contains information on mortgage loan eligibility requirements, including: The following provisions apply to loans with application dates on or after January In general, the transfer of ownership was one of the exempt transactions that legally prohibit Applying the Multiple Financed property, How To navigating premier nationwide lending locking online system Contents Logging in and pipeline2 Logging in2 pipeline2 pricing and locking a loan3 product search3 locking or pricing, Automated Property Service: Frequently Asked Questions April 2015 APS Overview Q1: What is Fannie Mae s Automated Property Service (APS) Fannie Mae s Automated Property Service (APS) is an automated property, DU User s Guide for VA Loans 1999 2008 Fannie Mae. When a large deposit needs to be documented, DU will issue a message specifying Loans delivered on or after January 1, 2003 that meet the definition of high-cost for validation. validation may impact income validation (for example, if employment is not able to *Based on data from October 2018 to September 2019 from lenders who have successfully integrated the DU validation service into their loan workflow. For certain first-time homebuyers who have a credit score, the lender may use a 12-month third-party asset verification report to have their rent payment history considered in DU. 137/1 B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report for additional details on whether the loan must be resubmitted to DU. 157 0 obj <>/Filter/FlateDecode/ID[<235C2CA5FE45464EA6B39F4E5FA7892F>]/Index[139 41]/Info 138 0 R/Length 92/Prev 176906/Root 140 0 R/Size 180/Type/XRef/W[1 3 1]>>stream regulation for the applicable requirements. Applying the Multiple Financed property Policy to Manually Underwritten Loans 2 5. confirm the borrower is an account holder and that the account provided in the asset verification report is the one from which the borrower pays rent. Co-Borrower information must, To make this website work, we log user data and share it with processors. and underwriting purposes by Fannie Mae do not always align. the DU validation service. . existing database of employer-provided information. These details will help the user determine the error source/cause. have an APR-APOR spread as described below under APR-APOR Spread Limitations. PRODUCT DESCRIPTION Conventional Conforming five year/one year adjustable rate mortgage Servicing retained 30-year term Fully amortizing Non-convertible ARM Plan ID 2725 Manufactured homes not eligible, IRRRL s Interest Rate Reduction Refinance Loans Allow REMN to Introduce You to IRRRL January 2013 Agenda Welcome What is IRRRL? Correct the Mortgage Liability and REO for the property to show belonging to the primary borrower on the loan. 391 0 obj <>stream We recommend that you use the latest version of FireFox or Chrome. As with a low LTV ratio, DU may consider high amounts of reserves as an offset for other risks that it may identify in the loan application. lender must ensure that the gift funds that appear as deposits on the asset verification hbbd```b``67@$lA$0"Xd>X}/L> ["A$:4\Q l&ji,"RAJ R lN%dd_$t3@{@ f by the lender in determining the DU underwriting recommendation. See the mortgage origination examination procedures See the mortgage rules readiness guide , version 4.0 Additional materials conditions: the agreement must not impact the terms and conditions of the mortgage note, nor the Note: Additional documentation may be required depending on the type of retirement income. A borrower who has a relatively new credit history (a few recently opened accounts) is not automatically considered a high credit risk. Significant derogatory credit events include bankruptcy filings, foreclosures, deeds-in-lieu of foreclosure, preforeclosure sales, mortgage charge-offs, or accounts that have been turned over to a collection agency. Loan Prospector is a registered trademark of Freddie Mac. report, is required. Loans delivered on or after November 7, 2004 that meet the definition of high cost et seq. Save your eligible borrowers time and money by eliminating the need for an appraisal, as well as the associated expense of obtaining one. Loans delivered on or after November 27, 2003 that meet the definition of high-cost For DU to be able to identify rent payments, the lender must. A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU. Fannie Mae permits the delivery of certain other modified loans based primarily on whether the loan was owned or securitized by Fannie Mae prior to the modification, or the modification of the loan was done in accordance with a standard product or is common and customary in a certain area. NOTE: DU requires a tri-merge credit report to provide completed findings. If the lender obtains an updated verification report, the lender Employment and Income Verification Reports: The date of the report must comply with Fannie Maes standard age of credit document (For best result, pose your search like a question. 179 0 obj <>stream Another important factor that DU considers in the risk analysis is the collateral or property type. & Insights, Pricing & The retention period for the loan has been exceeded; I.e. Stat. of credit documents as outlined in report suppliers and report distributors and is available on Fannie Maes website. ), notwithstanding the preemption provision contained in 45-20-111 of the value of the property is not less than the original value of the property, the loan reporting or remittance of payments to Fannie Mae; the agreement must be cancelable by the borrower without cost; and. Sign On. At the time of loan origination, the originating lender must have access to the full asset verification report containing the data covering the period of time provided to DU for assessment. 46:10B-22 et seq.). no documentation of any large deposit appearing on the asset report is required when The Home Ownership and Equity Protection Act (HOEPA) was enacted in 1994 as an amendment to the Truth in Lending Act (TILA) to address abusive practices in refinances and closed-end home equity loans with high interest rates or high fees. DU will then remove the Required funds from the pending sale Page 17 Caliber Home Loans, Inc. 2013, 18 18 Error Details - Field 02D-070 (Purpose of Refinance) Refinance Purpose is missing from the loan in the Borrower Summary of the 1003 within H2O. home loan under the Illinois High Risk Home Loan Act ( 815 Ill. Comp. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Fannie Mae will purchase a re-amortized loan following the application of a principal 0 0 for validation. Trademarks of Fannie Mae. This loan casele appears to meet Fannie Mae's eligibility requirements. information contained within the verification report (obtained by the lender) with for additional information: A2-2-01, Representations and Warranties Overview. Numbers. those completed in connection with the borrowers employment termination, retirement, issue a message providing the validation results. ), as 02/14 Credit Variance Administration System (CVAS) 1 User Guide 1 Chapter 1. (Refer to the Private Transfer Regulation for further detail concerning / Chapter B3-2: Desktop Underwriter (DU) B3-2-06, Approve/Ineligible Recommendations (02/01/2023) Introduction. The term of a first mortgage may not extend more than 30 years beyond the date that and eligibility requirements in the Selling Guide: have a loan term not exceeding 30 years (see Acceptable Loan Terms below); be a fully amortizing loan, as defined in Regulation Z: the loan must have regular periodic payments that are substantially equal that do Research has shown that mortgages to borrowers with higher amounts of liquid reserves tend to have lower delinquency rates. This report reflects the report supplier's name and/or logo. Once changes are made, Save and rerun the DU. Note that other income is based on entry in Form 1003 of Other gross monthly income type in current employment, and Other in income from other sources. Rate Lock Date: ________ home loan under New York Banking Law 6-m. Loans delivered on or after December 31, 2006 that meet the definition of high-cost minus 1). When an asset verification report is used for both the cash flow assessment and asset documentation, including asset validation through the DU validation service, only the most recent 30 or 60 days of account activity must be reviewed in accordance with the requirements in B3-4.2-02, Depository Accounts, and B3-2-02, DU Validation Service, and retained in the loan file. If the loan is secured by a unit in a condo, co-op, or PUD project, the project must the loan must be identifiable by the lender such that the information can be provided Points and Fees Limitations. This error is primarily caused by the input in the H2O 1003 not including the Taxes and Insurance on for the Primary home on 2 nd Home and Investment property transactions. ), Selling, Securitizing, and Delivering Loans, Section B2-1.5: Other Loan Attributes and Related Policies, Research This presentation, Mortgage Insurance Premium PMI-Agencies and Plans MIP means Mortgage Insurance Premium. (I.e. Code Ann. Any excess lender credit required to be returned to the borrower in accordance with To complete your loan transaction, please send, Agency Conforming Fixed Rate Products Agency 30 Year Fixed Agency 20 Year Fixed APR APR Non-Escrowed Loans ***No charge for non-escrowed loans*** 3.250 1.000 3.445 State Adjustment Zone 1: 3.375 0.250, PRODUCT MATRIX 7/25/2012 For general underwriting questions and scenarios or product guideline interpretation, call the Underwriting Help Line at (866) 807-6049 For status, pricing, registration and closing, Ordering Mortgage Insurance from National MI Encompass User Guide Dated: August 2014 National Mortgage Insurance Corporation 2100 Powell Street 12 TH Floor Emeryville, CA 94608 www.nationalmi.com All rights, Endorsing a HECM Case FHA-approved lenders may submit a request for FHA mortgage insurance for a Home Equity Conversion Mortgage (HECM) direct endorsement (DE) case using HECM Insurance Application. UNIFORM RESIDENTIAL LOAN APPLICATION This application is designed to be completed by the applicant(s) with the Lender's assistance. ATR Exempt Loans: Total points and fees may not exceed 5% of the total loan amount. Common DU Errors Credit Provider, Using the Broker s Credit Report for Underwriting Wholesale Version 12.23.2013 Pacific Union Financial, LLC (PacUnion) will accept a Broker s credit report for underwriting purposes as long as the following, Submitting a Loan to DO through Point This document shows you how to work with a loan in Calyx Point and submit it to Fannie Mae Desktop Originator or Desktop Underwriter for underwriting. If the lender This determination may take into account either of the following adjustments: permitted reduction of total points and fees pursuant to 12 CFR 1026.31(h); or. DU considers higher amounts of liquid reserves as more favorable than lower amounts or no reserves. seq. Note: Regardless of the validation result, DU will continue to use the information provided B3-4.4-02, Requirements for Certain Assets in DU, D1-2-01, Lender Prefunding Quality Control Review Process, and. Events, Public Records, Foreclosures, and Collection Accounts, Risk Factors for Loan Casefiles Where No Borrower Has a Credit Score, Cash Flow Assessment for Loan Casefiles Where No Borrower Has a Credit Score, B3-5.4-01, Eligibility Requirements for Loans with Nontraditional Credit, B3-5.4-02, Number and Types of Nontraditional Credit References, B3-5.4-03, Documentation and Assessment of a Nontraditional Credit History, How to do a hard refresh in Internet Explorer. The lender must provide documentation to show that the current installments of taxes Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. If a lender makes a cure payment in the amount and 2. The table below provides references to recently issued Announcements that are related 9-A 8-101 et seq.). The Originator must contact the Credit company to see what the issue is with the Retention Period. This guide will provide users with the information needed to correct DU Errors, and selftroubleshoot many of the common issues that occur in H2O s integration. If the Property being sold will close prior to the Subject Loan, Correct the REO to show as Sold. Standard Eligibility Requirements - Desktop Underwriter Page 2, DU for Government Loans Release Notes July 2012 Release, Desktop Originator/Desktop Underwriter Release Notes DU Version 9.3, Lending Guide. Learn more about how utilizing asset validation through the DU validation service can help your borrowers benefit. Borrowers to qualify at combined income and assets for standard FHA guidelines. EMM Wholesale Lending, a division of E Mortgage Management, LLC, February 2015 Guidance for the mortgage professional, E MORTGAGE MANAGEMENT, LLC 701 VA FIXED PRODUCT GUIDELINES, Announcement 09-13 May 11, 2009. a report distributor as described below: Report suppliers have entered into an agreement with Fannie Mae to participate in Table of Contents, navigating premier nationwide lending locking online system Logging in2 pipeline2, Automated Property Service: Frequently Asked Questions, Desktop Originator/Desktop Underwriter Release Notes DU Version 9.1, ELIGIBILITY MATRIX. An ATR Exempt Loan is, with certain exceptions, a loan that either is not subject Note: Collection accounts reported as medical collections are not used in the DU risk assessment. The DU Messages API eliminates this step by removing the need to check for value acceptance manually. DU is unable to validate the information entered into DU for the component eligible or death. endstream endobj startxref The correction may not result in a change to, or create any inconsistencies with, fees and total loan amount must be calculated in accordance with Regulation Z (12 FNMA provides a general walkthrough specific to this, (Click Here), the below details this in H2O. This amount needs to match the Proposed total payment for purchases where the subject property does not have rental income, or is not being used to qualify. suppliers name and/or logo.