Loan Product Bulletins Blogs & Blog Posts
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Latest Blog Posts on loan product bulletins
- Week of 23 Nov, 2009 - Direct Mortgage Update by Beech Blog on Nov 24, 2009
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 Addresses...
- Week of 11-16-2009 -- Direct Mortgage Wholesale by Beech Blog on Nov 17, 2009
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 overlays,...
- FHA Streamline Guideline Updates by Beech Blog on Nov 16, 2009
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 refinanced. ...
- Direct Mortgage - Week of Nov 9, 2009 by Beech Blog on Nov 10, 2009
Week of Nov 9, 2009 DirectWare® Updates If a loan is withdrawn, it must be reinstated before three days after the loan has been withdrawn - otherwise the lock will be cancelled.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 you bo...
- Week of 2 Nov 2009 -- Direct Mortgage by Beech Blog on Nov 5, 2009
Week of Nov 2, 2009 Loan Program Updates All loans with temporary loan limits must fund by December 10. Price adjustments HUD Repo (loan program 6199): Program adjustment reduced to 0.25%. There is no longer an adjustment for credit scores below...
- Direct Mortgage - Week of 26 Oct 09 by Beech Blog on Oct 27, 2009
Week of 26 Oct 09 Loan Program Updates No updates this week. Price adjustments USDA (loan program 6205): The following adjustment is now effective: <=$55,000 1.50 The following adjustme...
- Direct Mortgage - 12 Oct 2009 by Beech Blog on Oct 13, 2009
Week of 12 Oct 09 Loan Program Updates FHA Changes – Effective Immediately FHA streamline refinance - min credit score is 640 FHA streamline refinance – mortgage being refinanced must be seasoned min 6 months FHA streamline refi...
