1. chfa risk information score card (chfa risc) Presented by: Karen Harkin 303.297.7327

2. purpose of chfa risc Allow CHFA to continue to serve applicants from 580 through 619 and loans that have to be manually underwritten Allow CHFA to serve applicants from 620 through 659 with DTI’s in excess of 43.0% Help applicants, who do not meet CHFA requirements at this time, understand the issues they need to address to improve their readiness to purchase a home 2

3. use chfa risc for any loan where you have An applicant who has a credit score of 580 through 619 To manually underwrite the loan An applicant who has a credit score of 620 through 659 with a DTI in excess of 43.0% 3

4. stops - applicants who Have credit scores from 580 through 619 and a DTI in excess of 43.0% Have a manual underwritten loan DTI in excess of 43.0% Have credit scores from 620 through 659, a DTI in excess of 43.0% and can’t pass RISC Late payments on Mortgage or Rent in last 12 months Non-medical collections within most recent 12 months (unless totaling less than $100) Non-medical collections in excess of $2,000 total in 13-24 months – even if paid 4