FHA Mortgagee Approval Clarification
Posted by Krista Sabol on Aug 10, 2011 in FHA, FHA/VA, IMU Blog, Operations Many lenders are still trying to understand the new FHA approval requirements. As an industry, we have ML 09-31, ML 10-03, ML 10-20 (the main mortgagee letter), ML 10-38 and ML 11-25, along with the FHA Handbook 4060.1 rev.2, FHA’s website and FAQ’s as reference documents to determine FHA approval policies. Over the last few months I have been fortunate to conduct training programs at HUD on...read more
