Fannie Mae Implements DU Version 10.3 Update Regarding Delinquencies Related to a Natural Disaster

Fannie Mae recently announced an update to the Desktop Underwriter/Desktop Originator system concerning borrowers affected by a natural disaster.  In July 2019, Fannie Mae updated the DU risk assessment to disregard delinquencies reported on credit report accounts with a remarks code of “Affected by natural or declared disaster.”  This functionality will be retired for new loan case files created on or after August 16, 2020.  The DU Version 10.3 update will be conducted during the weekend of August 15, 2020.