Bulletin W13-107 - Reminder FHA Guidelines for Borrowers Affected by an Economic Event
September 9, 2013
Topic included in Bulletin W13-107:
- Reminder, FHA has provided guidelines for borrowers returning to work after an Economic Event
- Effective with Case Numbers assigned on and after August 15, 2013
- Definition of an Economic Event
- To align ourselves with FHA, CMS has updated the FHA Standard and High Balance Matrix and the FHA Lending Guide with the changes announced by FHA in Mortgagee Letter 2013-24
- The Intranet and Wholesale website have been updated
- Additionally, starting in September, Credit will host informational conference calls with sales and underwriting to discuss guideline updates, any impact of the updates on our product offerings and how to best apply these updates in addition to Q & A on credit topics
Download: Bulletin - W13-107 (PDF)
An Equal Housing Opportunity Lender. Copyright 2007 -
2024
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: