Excessive Ratios On FHA’s
Posted by Krista Sabol on Jan 27, 2012 in FHA, FHA/VA, IMU Blog, VA In a recent article highlighting the changes in the FHA Total Scorecard Guide (TSG), it was noted that FHA added a bullet point on page 13 under the review rules for Total. The term ‘excessive ratios’ is now a bullet point and requires a DE underwriter to manually underwrite the file when this rule is triggered. Our team did a little digging and found Mortgagee Letter 08-22 that...read more