Bulletin W14-029 - Update, FHA and VA IRRRL Matrices
March 18, 2014
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:
- 1x30 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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