This MGIC Bulletin announces:
• modifications to Bulletin 02-08
1. an increase to the maximum LTV/CLTV in Restricted Markets
2. a delay in the implementation of the Restricted States add-ons for lender-paid premiums
3. a modification to the definition of Restricted Markets, as defined in Bulletin 02-08
• an explanation of MGIC’s policy regarding DU 7.0
• a clarification to MGIC’s approach Agency AU systems and DTIs
• a change to MGIC’s PreQual program/commitments issued prior to property selection
Go to http://www.mgic.com/pdfs/MGIC_Bulletin_04-08_LPMI_&_Conforming_Jumbos_Final.pdf
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