Carrington Wholesale Lending

Bulletin W14-029 – Update, FHA and VA IRRRL Matrices

March 18, 2014Bulletins

Topic included in Bulletin W14-029:

  • FHA Streamline and VA IRRRL matrices have been updated
  • FHA Streamline updates include:
    • 3-4 units added
    • Non-Owner Occupied 1-4 units added
    • Mortgage history overlay removed:
      • 1×30 in past 12 months, with no late payments in the past 90 days
    • Modification overlay removed
  • VA IRRRL updates include:
    • Non-Owner Occupied 1-4 units added
    • Cash-to-Close overlay removed
      • CMS no longer requires documentation of funds for closing
  • Updates effective immediately
  • Updated matrices published on the Intranet

Download: Bulletin – W14-029 (PDF)

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