March 1, 2017
CA 2017-03 Underwriting Requirement Changes (Complete Detail) and New Underwriting Manual - Effective March 1, 2017

As announced in CA 2017-02, effective March 1, 2017, Arch MI and United Guaranty will combine their underwriting requirements into a single Underwriting Manual (the Manual) to be used by all customers.

In CA 2017-02, we highlighted the one underwriting requirement change from the previous United Guaranty Underwriting Requirements Guide that required a 30-day notice and listed some highlights of the many expansions that would occur. This announcement describes in detail all the underwriting requirement changes that become effective March 1, 2017.

SwiftClose Underwriting Requirement Changes

Combined Loan-to-Value (CLTV) Ratio:

Credit:

Property–Manufactured Homes:

Desktop Underwriter (DU) and Loan Product Advisor Eligible Recommendations:

Subordinate Financing:

Number of Loans Insured per Borrower:

Standard Underwriting Requirement Changes

LTV/Loan Amounts/Credit Score/DTI Requirements:

Credit:

Assets:

Property:

Occupancy:

Subordinate Financing:

Jumbo Loans:

Medical and Dental Professionals Programs:

Number of Loans Insured per Borrower:

Please contact your Arch MI Account Manager if you have questions about this announcement.

© 2017 Arch Mortgage Insurance Company. All Rights Reserved. “Arch MI” is a marketing term for Arch Mortgage Insurance Company and Arch Mortgage Guaranty Company. “United Guaranty” is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company (coverage from United Guaranty is available through admitted company only). SwiftClose is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates. Desktop Underwriter, DU, and Community Seconds are marks of Fannie Mae. Loan Product Advisor and Affordable Seconds are marks of Freddie Mac.

CA 2017-03

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