HUD/FHA Changes HUD REO Underwriting Guidelines Effective. – The changes are incorporated in the new handbook so the change takes place September 14, 2015. The changes eliminate four (4) existing mortgagee letters. They are Mortgagee Letter 1995 – 56, Mortgagee Letter 2000 – 27, Mortgagee Letter 2011 – 19 and Mortgagee Letter 2013 – 44.
FHA and VA loan changes for 2015 – johnadamsteam.com – VA, FHA and Conventional changes in 2015. Thanks for joining us again and providing valuable feedback! Conventional lending available to first time home buyers with only as little as 3% down. FNMA has reduced the minimal amount for first time home buyers to acquire
FHA Loan Rules: Changes Coming – FHANewsBlog.com – FHA Loan Rules: Changes Coming. On September 14, 2015, a new FHA Single Family Home Loan rule book will become the official collection of rules and regulations for all FHA single family mortgage loans. Known as HUD Handbook 4000.1, this volume has been getting a variety of updates since it was made available online in May of 2015.
FHA Annual Mortgage Insurance Premiums (MIP) for 2015 – Again, these changes only affect the FHA annual mortgage insurance premiums for 2015, and only for loans greater than 15 years in length. The upfront premium (which borrowers are also required to pay) will remain at its current level of 1.75% of the base loan amount.
5 Major Changes in FHA Guidelines per New HUD Handbook 4000.1. – 5 Major Changes in FHA Guidelines per New HUD handbook 4000.1 september 14, 2015 Dear Friends – If you know of someone who may be getting into the housing market (or looking to refinance a land contract), and may be evaluating the FHA loan as a financing option, passing along these coming changes in FHA guidelines may be beneficial to them.
FHA rules for financing condo sales draw protest from 56 House members – The condo drought at FHA is beginning to stimulate more than congressional letters of protest. Last week a House subcommittee heard testimony on a bill (H.R.3700) that would mandate many of the.
Millions of Renters Could Become Homeowners in 2015 – And more importantly, it could give the U.S. real estate recovery, which slowed down in 2014, a big kick-start in 2015. What kind of an impact could the mortgage insurance reduction have? First off,
PDF FHA Guideline Changes Effective for Case Numbers Assigned On. – FHA Guideline Changes Effective for Case Numbers Assigned On or After Sept 14, 2015. Credit Satisfactory Credit Borrower has acceptable credit if: no late housing or installment debt and no major derogatory credit on revolving accounts.
HUD/FHA POLICY CHANGES EFFECTIVE 09/14/2015. – HUD/FHA POLICY CHANGES EFFECTIVE 09/14/2015 WITH FHA SINGLE FAMILY HOUSING POLICY HANDBOOK 4000.1 AFN-X-UND_FHA4000_1Changes Rev. 09/10/2015 Page 3 of 11 TOPIC current fha handbook guideline NEW FHA HANDBOOK GUIDELINE Alimony and Child Support May be treated as reduction from gross income or as a monthly obligation.