Bulletin W13-107 – Reminder FHA Guidelines for Borrowers Affected by an Economic Event

September 9, 2013Bulletins

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)

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