January 19, 2015

REMN Wholesale is pleased to announce that we are enhancing our Freddie Mac guidelines to allow a non-occupant co-borrower’s income to be used when calculating the debt-to-income ratio when the LTV is ≤ 75% (currently not allowed to use non-occupant co-borrower’s income).

Loans with an LTV > 75% will be considered on a case-by-case basis subject to REMN Wholesale management approval.

This enhancement applies to new submissions and loans currently in the pipeline.

The Freddie Mac Conforming and Super Conforming matrices have been updated with this information and posted on the REMN Wholesale at www.remnwholesale.com

If you have any questions, please contact your Account Executive.