FHA Insider: FHA responds to short payoffs and delays appraisal rules



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FHA Insider: FHA responds to short payoffs and delays appraisal rules

March 9, 2010

Question or Comment on this Release!

FHA Insider: FHA responds to short payoffs and delays appraisal rules

On Dec. 16, 2009, the Federal Housing Administration (FHA) published Mortgagee Letter 09-52, which issued guides for mortgage originators in circumstances where borrowers receive a short payoff from their current lender on either a sale or a refinance. Here is a summary of the five things you need to know about these changes: 1. Changes are effective as of Dec. 16, 2009.

Web Link: http://nationalmortgageprofessional.com/news16572/fha-insider-fha-responds-short-payoffs-and-delays-appraisal-rules

Contact: NMP Media Services

Company: NationalMortgageProfessional.com, -