DOCUMENTING INCOME FOR YOUR MORTGAGE IS ALL ABOUT THE DETAILS

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Are You Being Asked For Tax Returns? Anyone who has recently applied for a mortgage knows the importance of documenting income. This is one of the most critical pieces of information that mortgage lenders require during the application process. But if you have not applied for a mortgage either recently or perhaps ever, you may […]

Hud is making changes to the MIP premiums

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U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSINGFEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov January 31, 2013 To: All Approved Mortgagees Mortgagee Letter 2013-04 Subject Revision of Federal Housing Administration (FHA) policies concerning cancellation of the annual Mortgage Insurance Premium (MIP) and increase to the annual MIP Purpose Consistent with FHA’s […]

HUD is extending Loss Mitigation options

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U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSINGFEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov January 31, 2013 MORTGAGEE LETTER 2013-03 To All FHA-Approved Mortgagees, Single Family Servicing Managers Subject Extension of Implementation Date for Mortgagee Letter 2012-22, Revisions to FHA’s Loss Mitigation Home Retention Options Purpose The purpose of this Mortgagee […]