New Treatment of Rental Income | Effective June 9, 2014
May 28, 2014 | News Releases
On Monday, June 9, 2014, changes to the treatment of rental income from non-owner-occupied subject rental properties and owner-occupied subject properties with income suites, will take effect. As a result of this change, the 80% Rental Offset option will no longer be available.
To learn more about these changes, please take a moment to review the attached Lender Update:
Should you have additional questions, please do not hesitate contact your dedicated Account Executive or speak with a member of our National Underwriting Team at 1.877.244.8422.