How to Write a Profile Story. A profile story is a portrait of a person in words. Like the best painted portraits, the best profiles capture the character, spirit and style of their subjects. They delve beneath the surface to look at what motivates people, what excites them, what makes them interesting.
For a cash-out refi on a home the borrower lives in, generally, the lowest credit score is 640, according to Fannie Mae's standards. But such a loan comes with caveats. The borrower can't have an LTV ratio higher than 75%, must have 6 months of reserves in the bank and a debt-to-income ratio of 36% or lower.
1 Post-funding QC file selections must be made within 30 days of closing. 2  Post-funding QC reviews must be completed within 60 days of selection. 3  Fannie Mae must be notified if QC is in arrears by more than one 30-day cycle. 4  Pre-funding is a mandatory component of a lender's QC plan.