ARCHIVED BLOG POSTS
2012
FHA Condo Approval Specialist – Two New Mortgagee Letters HUD released two new Mortgagee Letters last week. The first of these updates lenders regarding HUD’s policies regarding unpaid taxes and fees for foreclosed properties prior to conveyance to HUD. You can read it in its entirety but he...
06/26/2012
FHA Condo Approval Specialist – HUD Rescinded New Credit Requirements HUD’s Mortgagee Letter, ML 12-10 rescinded a previous update in the guidance provided by ML 12-3 which would require applicants to provide evidence that collections accounts are either paid off or are on payment plans. I have u...
06/26/2012
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ReadySetLoan Team
Residential, Commercial & Condo Financing Experts