enhancement - texas section 50(a)(6) du loans to

C o r r e s p o n d eENHANCEMENT
n t L e n d i n g - TEXAS SECTION 50(A)(6) DU LOANS TO BE ELIGIBLE
BULLETIN #2015-13
TO:
Distribution
DATE:
May 1, 2015
RE:
Enhancements to Texas Home Equity
EFFECTIVE DATE:
May 4, 2015
ENHANCEMENT - TEXAS SECTION 50(A)(6) DU LOANS TO BE ELIGIBLE
Summary: CMG will now accept Texas Section 50(a)(6) loans underwritten with DU under the same parameters and
guidelines as allowed for LP loans. Texas Law continues to prevail.
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Maximum loan amount $417,000
Maximum 10 acres of land that is urban or suburban property - non agricultural
Refer to Conventional Conforming guidelines for additional requirements
Sellers must provide closing documents approved by one of the following attorneys:
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Polunsky Beitel Green
Black, Mann & Graham
Pierson and Patterson, or
Robertson, Anschultz and Vetter
Please contact your Correspondent Regional Manager or
your Correspondent Liaison with any questions.
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