Week of Nov 23, 2009 Loan Program Updates FHA has eliminated the need for a second appraisal for loans that exceed $417,000 and that are secured by properties in a declining market. This includes cash out transactions. Double Check Email...

Week of Nov 16, 2009 Loan Program Updates New FHA Streamline guidelines apply for all case numbers assigned on or after November 17 as outlined in Mortgagee Letter 2009-32. Note that DMC guideline overlays apply. To view guidelines with...

         I.            Revisions for ALL Streamline Refinance Transactions   A.     Seasoning   At the time of loan application, the borrower must have made at least 6 payments on the FHA-insured mortgage being...

Week of Nov 9, 2009 DirectWare® Updates If a loan is withdrawn, it must be reinstated before three days after the loan has been withdrawn - otherwise the lock will be cancelled. Auto re-disclosures are now operational. This means that once...

If you or your borrower do not receive the eSign Request email within 10 to 15 minutes of making a request, try the following solutions. Solution #1 should be tried first. If that does not work, then proceed to solution #2. Solution #1 — Try this...