The following changes were made to the guidelines:
Clarified that we are limited to a total of up to 15 properties on any occupancy types regardless if property is free or clear, page 2 & 8
Clarified that we will use the highest PITIA payments to calculate PITIA to meet reserve requirement for other finance REOs, page 3
Updated subordinate liens guideline, page 22
Updated POA guideline, page 23
Updated Non-warrantable guideline, page 26
Added insurance maximum deductible is the lesser of $5,000 or 5% of the face value of the property insurance, page 27
Added 1031 only allowed if exchange to a similar property, page 28