fha mortgage: FHA rescinds $1,000 credit dispute rule - 06/18/12 02:05 AM
FHA rescinded on Friday after an initial implementation delay the rule making it difficult for anyone with credit disputes in excess of $1,000 to secure financing.  The rule has been completely revoked according to mortgagee letter 2012-10 dated June 15, 2012.  
You can access the mortgagee letter here and a Housing Wire article on the change here. 
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Neil Sweren, HECM Reverse Purchase Specialist (Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org))

Neil Sweren

HECM Reverse Purchase Specialist

Owings Mills, MD

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Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org)

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