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fha underwriting: Lenders Run Scared, Violate The Spirit of FHA - 02/13/09 08:21 PM
Every single day I receive numerous emails and phone calls from loan originators and potential borrowers asking whether FHA guidelines have changed and asking me why a particular loan scenario can no longer be approved as an FHA loan. Consumers, in particular often get confused when I explain that FHA guidelines are not the issue. The problem is with the lender they or their mortgage broker have chosen.
In just the last few months I have seen ridiculous scenarios such as borrowers being asked for full documentation of their income on FHA streamline refinances! Or borrowers’ credit scores becoming an issue … (1 comments)

fha underwriting: FHA Stormfront - 03/13/08 11:44 AM
There's something going on in the world of FHA loan origination that I find very troubling. Particularly since the FHA loan program is being so highly touted as the savior of the housing crisis.
Every day, loans that make sense but are "on the borderline" - i.e require extra documentation and extra effort on the loan officer's and borrower's side to present a clear picture to the underwriter - are becoming increasingly difficult to do. Underwriters are becoming more and more reticent to move ahead with loans that used to be almost a slam dunk for an experienced, competent FHA loan … (2 comments)

 
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Carl Pruitt - http://FHALoanAdvice.com

Buford, GA

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