of properties: New FHA loan limits / # of properties financed update
- 03/03/09 10:16 AM
Here are a couple of important guideline changes that have come out in the last week or so. Though Fannie / Freddie / HUD have approved these changes, the banks have not yet implemented them . So, if have a client who plans on taking advantage of these changes they need a longer escrow period to allow the Banks make them available. I would suggest 60 Day escrows to be safe... Please let me know if you have any questions. FHA Loan Limits: The American Recovery and Reinvestment Act (ARRA), which was signed into law on Tuesday, increased the maximum conforming … (0 comments)
Here are a couple of important guideline changes that have come out in the last week or so. Though Fannie / Freddie / HUD have approved these changes, the banks have not yet implemented them . So, if have a client who plans on taking advantage of these changes they need a longer escrow period to allow the Banks make them available. I would suggest 60 Day escrows to be safe... Please let me know if you have any questions.;)
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