FHA Loan QC Offline?

DId you get a call that your FHA loan QC is offline?  Yes, it is.  The loan review system that the FHA uses to communicate issues with home loans is down as HUD works to address “errors and data loss”.  FHA announced Wednesday that it temporarily pulled the plug on its Loan Review System on…

Read More

Budget to Keep Your Home Great

Buying a home is an exciting time.  It is also a great time to analyze your current spending and whether you need to make some adjustments when you close on your new home.  There are automatically some bills that will be different when you move.  Monthly bills that will change when you move: Your monthly…

Read More

Cedar Band Corporation Sued HUD Over FHA Mortgage Assistance Program Changes

On April 18, 2019, US Department of Housing and Urban Development (HUD) issued a clarification of interpretation letter to lenders; Mortgagee Letter 19-06. The letter’s purpose was to clarify documentation requirements when a homebuyer is receiving down payment money from another person or entity.  It was immediately effective, referring to effective date for case numbers…

Read More