Changes to Radian Guaranty Inc.’s guidelines include insuring a non-agency jumbo product offered by a unit of United Guaranty Corp.’s former parent.
The Philadelphia-based organization is expanding its guidelines on jumbo mortgages as high as $1 million that are secured by primary residences.
The expansion includes increased loan-to-value ratios, according to the mortgage insurance company. It also includes more easing in required FICO scores.
Source: Mortgage Daily