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flip: New Conventional Flip Rule! - 10/09/09 08:07 AM
ATTENTION! Mortgage insurance companies are adapting a similar rule as FHA in regards to flipping properties. This will impact the mortgage market starting 10/12/2009, not leaving us with much time. If you have Conventional buyers above 80% loan to value, please make sure the mortgage insurance has been ordered prior to this date. This is coming out at rapid speed 3 out of 5 mortgage insurance companies have adopted this rule. The other two are in the process and have strict requirements to do a loan under 90 days and I believe they will be changing their rules as well within … (2 comments)

 
Catherine_4683

Catherine Eusea-Mortgage Lender at

Fort Collins, CO

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Prospect Mortgage

Address: 2032 Caribou Drive #102, Fort Collins, CO, 80525

Office Phone: (970) 223-8300

Cell Phone: (720) 300-6777

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