fhasecure credit guidelines: FHASecure Guideline Update - 09/12/07 02:58 PM
Updated FHASecure Information from today's conference call.
Below are some bullets that I got out of todays call:
Does not matter if borrower is delinquent or notNo set number of months borrower can be in arrears on 1st and 2nd mortgageIf the borrower has a non purchase 2nd Mortgage it must be seasoned … (0 comments)

fhasecure credit guidelines: Question on FHA Mortgagee Letter 2007-11 - 09/05/07 02:50 PM
I must have read the letter several times.  It looks to me like FHA has left the credit decision open to interpretation.  Am I wrong?  Can a borrower, who has a subprime mortgage that has reset, refinance under this program under the following scenario?
LTV and Debt rations are in line with guidelinespast … (5 comments)

 
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John Popp Charlotte Home Loan and FHA Source

Charlotte, NC

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1st Metropolitan Mortgage

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North Carolina Mortgage Professional shares comments and answers consumer mortgage questions. Over 20 years of Hands On Mortgage Broker experience.


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