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(b) Manually Underwritten MortgagesManually Underwritten Mortgages must meet the requirements of this chapter and Topics 5100 through 5500 including, but not limited to, the requirement that each Borrower individually, and all Borrowers collectively, have an acceptable credit reputation as described in Topics 5100 and 5200.An individual Borrower with insufficient credit history, for whom the Seller cannot document a credit reputation because the Borrower does not have sufficient credit history, is considered to have an acceptable credit reputation provided that:
1. The Borrower has no evidence of any derogatory credit, such as a lien, judgment or collection, paid or unpaid, reflected on the credit report or elsewhere in the Mortgage file, and2. At least one other Borrower whose income and assets are used for qualification has an acceptable credit reputation as described in Topics 5100 and 5200.For Manually Underwritten Mortgages, the minimum Indicator Scores are:

If none of the Borrowers have a usable Credit Score, Mortgages that are not (i) Home Possible Advantage Mortgages, or (ii) secured by Manufactured Homes, may be manually underwritten without Credit Scores provided that for these Mortgages, in addition to meeting the requirements in Chapter 5202, each Borrower's credit history for the most recent 24 months must show:

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• Meets the Minimum Indicator Score required in this section, and
• Has a term of 20 years or less, or an LTV/TLTV/HTLTV ratio of 90% or less, and
• Was submitted to Loan Product Advisor and received an evaluation status of invalid, ineligible, or incomplete, or a Risk Class of Caution, ineligible for A-minus

Additional Resource:  https://www.allregs.com/tpl/Viewform.aspx?formid=00051759&formtype=agency#pageagency#page=182