Monthly Archives: July 2019

Suspension of the Effective Date of Mortgagee Letter 2019-06

July 26, 2019 — Downpayment Assistance and Operating in a Governmental Capacity As of July 23, 2019 HUD issued FHA Mortgagee Letter 2019-10, which confirms the suspension of the implementation date for Downpayment Assistance requirements for Governmental Entities.  Based on this recent announcement, Mortgagee Letter 2019-06 is suspended until further notice. Please direct any questions to your Regional Sales …
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Important AUS Lock Requirements

July 1, 2019 — Effective with Locks taken on or after July 15, 2019, Clients will be required to use the AUS system that corresponds with the selected Agency Loan Program (AUS Pure).  The reason for this requirement is there may be a difference in pricing between FNMA (CF30) vs. FHLMC (CF30-FHLMC) on our rate sheet and in the …
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