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 Fannie Mae must be notified if QC is in arrears by more than one 30-day cycle. 2  Pre-funding is a mandatory component of a lender's QC plan. 3  Discretionary samplings for pre-and post-funding QC must be completed in accordance with the lender's QC plan, business channels, QC findings/error-rate and modified as necessary.