FHA Minimum Investment
Posted by Krista Sabol on Mar 15, 2010 in FHA, FHA/VA, RESPA, RESPA 2010 Every day it seems someone finds a loophole that has to be closed or confirmed and today is no exception. In the new world of RESPA and tolerance requirements a lender may be faced with providing a refund of closing costs to the borrower at the time of closing if the fees were under stated by more than 10%. The consequence may lead to the borrower receiving cash back at closing and/or appearing...read more