LenderBradford's Blog

Everyone should know that HUD will post their proposal to limit a sellers concessions on FHA Loans from the current 6% to 3%.   I believe everyone knows that this does inflate the value of homes (and compatibles).   This was on of the problems that resulted with the use of the supposed Down Payme...

This is the second part of HUD's Proposed changed to Set a Minimum Credit Score for the 3.5% Down Payment that was included in a press release issued Jan 20, 2010.   Full informatin can be found here FHA Announces Policy Changes to Address Risk and Strengthen Finances Item # 2 says Update the com...

This is the third part of HUD's intent reduce Sellers assistance with Closing Costs from 6% to 3% that was included in a press release issued Jan 20, 2010.   Full informatin can be found here FHA Announces Policy Changes to Address Risk and Strengthen Finances Item # 3 says Reduce allowable selle...

This is the first part of HUD's intent to increase the Upfront MIP to 2.25% from the current 1.75% that was included in a press release issued Jan 20, 2010.   Full informatin can be found here FHA Announces Policy Changes to Address Risk and Strengthen Finances Item # 1 says Mortgage insurance pr...

Below is the announcement of 4 Proposed changes that are planned for FHA Loans.  Each of the 4 changes(or Proposed Changes) will be addressed in individual posts and I encourage everyone to express their opinions here and also when Public Comment is available for items 2 & 3, I will encourage eve...