FHA temporarily eases guidance on condo approvals

Wells Fargo updated its LTV/TLTV/CLTV matrix for Prior Approval Loans to reflect Fannie Mae’s 90% maximum. Credit – Long-Term Debt in its Seller Guide for ease of use. Fannie Mae servicers are.

In November of 2015, the FHA and HUD ran a press release announcing temporary guidance making it easier to get a condo project added to.

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FHA Eases Condo Approval Guidelines.. FHA’s temporary guidance will streamline the agency’s condominium recertification process and expand the eligibility of acceptable ‘owner-occupied’ units to include second homes that are not investor-owned.

Any unexpired locks will be honored, however relocks and lock extensions will not be allowed. Wells Fargo is temporarily removing its Prior Approval underwriting option on conventional Conforming.

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FHA EASES CONDOMINIUM PROJECT APPROVAL REQUIREMENTS Temporary guidelines will increase number of condominium projects eligible for FHA approval. WASHINGTON – The Federal housing administration (fha) today published new guidelines under its condominium approval process intended to increase affordable housing options for first-time and low- to.

Condos (Low and High Rise). Note: Pursuant to Texas property code section 41.003, “temporary. Please access loanDepot Wholesale Underwriting Guidelines for a.. Approve/Eligible DU or Accept/Accept LPA Approval LPA loans-.. ease of access, we have included links to popular topics by.

For you football fans out there, this is a big weekend, here is some non-mortgage information. are not eligible for FHA financing. With the exception of the spot loan provisions, FHA has extended.

February 1, 2016 – In November of 2015, the FHA and HUD ran a press release on the official site (www.fha.gov) announcing temporary guidance making it easier to get a condo project added to the approved list for an FHA mortgage loan.HUD No.15-145 states that the FHA and HUD have "published new guidelines under its condominium approval process intended to increase affordable housing options.