ARCHIVED BLOG POSTS
2012
Effective for case numbers ordered on or after June 11, 2012 For all Single Family Streamline Refinances that were ENDORSED ON OR BEFORE MAY 31, 2009, the UFMIP will decrease from 1% to 0.01% of the base loan amount. For all Single Family Streamline Refinances that were ENDORSED ON OR BEFORE ...
03/30/2012
Effective for case numbers ordered on or after April 1, 2012P&L and Balance Sheets will be required if more than one calendar quarter has elapsed since the date of the most recent calendar or fiscal-year end tax return was filed by the borrower (no exceptions). If income used to qualify the borro...
03/29/2012
Effective for case numbers ordered on or after April 9, 2012 The UFMIP for Single Family forward mortgages will increase from 1% to 1.75% of the base loan amount. This increase applies regardless of amortization term or LTV.The Annual MIP (monthly) will increase by 10 basis points.
03/29/2012