CHAPTER 1: Underwriting Review |
| SECTION A: General Information on the Underwriting Process |
| SECTION B: Documentation Requirements |
| SECTION C: Credit Reporting Requirements |
CHAPTER 2: Maximum Mortgage Amounts/Cash Investment Rqmts on Purchase Transactions |
| SECTION A: Calculating Maximum Mortgage Amounts on Purchase Transactions |
| SECTION B: Transactions Affecting Maximum Mortgage Calculations |
CHAPTER 3: Maximum Mortgage Amounts on Refinance Transactions |
| SECTION A: Refinance Transaction Overview |
| SECTION B: Maximum Mtg Amounts on No Cash Out/Cash Out Refinance Transactions |
| SECTION C: Maximum Mortgage Amounts on Streamline Refinances |
CHAPTER 4: Borrower Eligibility and Credit Analysis |
| SECTION A: Borrower Eligibility Requirements |
| SECTION B: Property Ownership Requirements and Restrictions |
| SECTION C: Borrower Credit Analysis |
| SECTION D: Borrower Employment and Employment-Related Income |
| SECTION E: Non-Employment Related Borrower Income |
| SECTION F: Borrower Qualifying Ratios |
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CHAPTER 5: Borrower Funds to Close
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| SECTION A: Settlement Requirements |
| SECTION B: Acceptable Sources of Borrower Funds |
| SECTION C: Borrower Secondary Financing |
CHAPTER 6: Special Underwriting |
| SECTION A: Special Underwriting Instructions |
| SECTION B: ARMs |
| SECTION C: Streamline Refinances |
| SECTION D: Energy Efficient Mortgage Program |
| SECTION E: HOPE for Homeowners (H4H) Program |
| SECTION F: Refinance of Borrowers in Negative Equity Positions Program |
CHAPTER 7: Assumptions |
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| CHAPTER 8: [TBD] |
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| CHAPTER 9: Glossary |
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