Relevant:
- HUD Provides Guidance For Reverse Mortgage Refinances
- WR Starkey to pay HUD more than $1 million for lending violations
- FHA won't insure low credit score borrowers under new guidelines
- HUD Lowers Principal Limit Factors for FHA Reverse Mortgage Program
- HUD Issues Guidance for Subordinate Lien Financing Under the HECM
2009-09-21 — nationalmortgageprofessional.com
"In a series of Mortgagee Letters, dated Sept. 18, 2009, the U.S. Department of Housing and Urban Development (HUD) provided new guidelines affecting the independence, portability, and validity periods of appraisals used in its Federal Housing Administration (FHA) program. These guidelines take effect on Friday, Jan. 1, 2010."
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