HUD

HUD/FHA and Asset Disqualification (Members)
Here is the newest level of idiocy we just came across. We have a purchase with AFR where now AFR is requiring ALL assets be sourced and seasoned (not out of the norm). Here is where it gets lovely.
http://forum.brokeroutpost.com/loans/forum/2/316626.htm (Replies: 2)
Related tags: [assets, hud]

UK HUD1 Comparable Form (Members)
I have a refi that I am doing where the borrower is from the UK originally. They owned a property in the UK which was claimed on the Schedule E in 2011 but the property has since been sold. The borrow
http://forum.brokeroutpost.com/loans/forum/2/316443.htm (Replies: 3)
Related tags: [hud1, schedule e, uk, refinance]

Off Site LO's: Commute Distance Rules (Members)
I am under the impression HUD requires LO's live a reasonable commute distance from an approved HUD office location. How much are states regulating off site LO's?
http://forum.brokeroutpost.com/loans/forum/2/314807.htm (Replies: 0)
Related tags: [state rules vs hud rules.]

NEW GFE / HUD - Benefit Broker 2013? (Members)
Have you all talked about this in the last 3 weeks? Have u seen the unofficial New 2013 HUD & GFE 's? I went to our our State covention & we had discussion about it in one of the cl
http://forum.brokeroutpost.com/loans/forum/2/313261.htm (Replies: 7)
Related tags: [new hud new gfe]

Lender allowed to charge fee on HUD with LP Comp? (Members)
I know as a Broker we can not charge anything on the HUD for a Lender Paid transaction, but what about the lender? Most lenders have some sort of underwriting fee in the $750 range. Are they all
http://forum.brokeroutpost.com/loans/forum/2/310020.htm (Replies: 2)
Related tags: [underwiting fee allowed on hud with lender paid?]

All Commercial (Members)
If you have Multi-Family (Over 4 units) or Medical Office construction needs please give us a call for a quick assessment. We have many outlets to get these done in very short order. Al Moon Capi
http://forum.brokeroutpost.com/loans/forum/2/309770.htm (Replies: 0)
Related tags: [bridge, hud, medical, loans]

Borrower Wants Mineral Rights On Refinance (Members)
I have a borrower with a HUD Manufactured home who states she owns her mineral rights, but Bank of America wont let her sell them. Basically there is oil being drilled all around her property. S
http://forum.brokeroutpost.com/loans/forum/2/309745.htm (Replies: 10)
Related tags: [mineral rights, hud manufactured home, refinance]

TRUE SIVA, LOW RATES IN CA ONLY (Members)
WE Have a TRUE STATED loan in CALIFORNIA only, NO 4506, low rates, can be for SE OR W 2, your fees on the HUD and paid through closing, email me for more details, THX VONEPSLOANS@AOL.COM
http://forum.brokeroutpost.com/loans/forum/2/309479.htm (Replies: 0)
Related tags: [stated, no 4506, paid on hud, low rates]

Condo's HUD cert expired... any spot approvals? (Members)
Apparently the condo my clients want to buy lost its HUD certification back in July. Aside from going through the whole re-approval process (which I'm hearing from the management company is not very e
http://forum.brokeroutpost.com/loans/forum/2/309015.htm (Replies: 0)
Related tags: [condo fha hud]

Can only brokers originate FHA and sell RE now? (Members)
We got this from Franklin American and I found it somewhat confusing. However, it seems to me it is saying you can only originate FHA loans and sell real estate if you work for a TPO. Am I reading it
http://forum.brokeroutpost.com/loans/forum/2/308147.htm (Replies: 6)
Related tags: [hud q&a on this topic]

Full Time Processor Needed in NH (Members)
Our Team is currently looking for another seasoned Loan Processor for our Hudson NH office. Please email me at ccunningham@myhsoa.com. Great pay structure available. Thank you Cory
http://forum.brokeroutpost.com/loans/forum/2/307468.htm (Replies: 0)
Related tags: [hudson nh office]

Construction Loan, Real Estate Investors,DTLending (Members)
Are you looking to Purchase or Refinance your home? Are you Credit Challenged? Do you know you can get into a home with zero money down? Do you want to start your own small scale Business? Do you need
http://forum.brokeroutpost.com/loans/forum/2/306873.htm (Replies: 0)
Related tags: [commercial loan, real estate loan, fha, hud etc.]

Persons with Disabilities and 203k Loan (Members)
MORTGAGEE LETTER 00-24 TO: ALL APPROVED MORTGAGEES SUBJECT: Single Family Loan Production - Increasing Homeownership Rates for Persons with Disabilities As part of HUD FHA's con
http://forum.brokeroutpost.com/loans/forum/2/305199.htm (Replies: 0)
Related tags: [203k loan, inspection, hud, fha insured]

203K Loan Program (Members)
Need an FHA 203K Inspector? Fred Sweezer Sr., is a HUD- Approved 203K Consultants. He plays an integral part in the successful completion of an FHA 203k loan transaction and guarantees rapid tu
http://forum.brokeroutpost.com/loans/forum/2/304885.htm (Replies: 0)
Related tags: [203k loan, inspection, hud, fha insured]

Bad CAIVRS (Members)
Has ANYONE been able to close on a new FHA loan when the CAIVRS shows a claim paid out <3 yrs ago? The borrower, due to job loss, filed bk7 back in 2007. Previous FHA laon was in the bk but th
http://forum.brokeroutpost.com/loans/forum/2/304227.htm (Replies: 9)
Related tags: [foreclosure >3 yrs, hud pd claim <3 yrs]

Stated Deal, NYork (Members)
Self Employed Borrower. Restaurant Owner of 12 years. Purchasing SFR, Owner Occ in Brooklyn. Purchase price around 380k. Has 25% currently. I think Hudson City may be able to do this. I am pretty s
http://forum.brokeroutpost.com/loans/forum/2/303419.htm (Replies: 2)
Related tags: [hudson city?]

buy and bail FHA exception (Members)
I have a relocation customer who falls within the relo exception on the 8-25 letter. Have any additional rules been added since 9 2008 than anyone knows of? Any reserves needed per HUD?
http://forum.brokeroutpost.com/loans/forum/2/300313.htm (Replies: 1)
Related tags: [hud relocation]

Loan Modification Attorney New Jersey (Members)
Now more than ever you need to know your rights. Stop illegal foreclosures . Regain your property back Free consultation
http://forum.brokeroutpost.com/loans/forum/2/296005.htm (Replies: 0)
Related tags: [mha appeals, npv, foreclosure, hud]

HUD Section 232 LEAN program (Members)
Anyone familiar with this program and or know of anyone doing them? Thank you.
http://forum.brokeroutpost.com/loans/forum/2/295551.htm (Replies: 5)
Related tags: [commercial, lenders, hud, lean]

Non-Traditional Credit on 2-4 unit SFR? (Members)
Does anyone know of an FHA lender that'll u w a Maryland purchase on 2, 3 or 4 unit SFR for a borrower with a non-traditional credit report? I can't find it and I'm ready to declare it not possible b
http://forum.brokeroutpost.com/loans/forum/2/295336.htm (Replies: 3)
Related tags: [fha, manual underwrite, hud, purchase]

Can this loan be done? (Members)
My clients' loan was just denied by their lender. However, I think that they have a shot though: FHA Purchase HUD Owned Home First Time Home buyer Married couple, the husband has a fico score in
http://forum.brokeroutpost.com/loans/forum/2/295056.htm (Replies: 3)
Related tags: [fha loan, hud home purchase]

Any Lenders taking FHA loans from non Hud Brkrs? (Members)
What good lenders are accepting FHA loan submissions from non HUD-Approved Brokers? I am approved to submit FHA loans to "Nations Direct" and have applied to "Provident Bank Mortgage" but what ot
http://forum.brokeroutpost.com/loans/forum/2/294470.htm (Replies: 4)
Related tags: [fha approval, non-hud approved]

HUD takes action agains hundreds of lenders (Members)
Yesterday July 26, 2010 HUD published a notice in the Federal Register to announce dozens of administrative actions against FHA-approved lenders who failed to meet its requirements. This year alone, t
http://forum.brokeroutpost.com/loans/forum/2/293260.htm (Replies: 4)
Related tags: [hud rules]

HUD 203k Loan (Members)
Has anyone ever worked with these before? I have a property that is 3,500 square feet finished. 1,800 is on the first floor that would be used as retail. The upper floor is 1,700 square feet that w
http://forum.brokeroutpost.com/loans/forum/2/291455.htm (Replies: 6)
Related tags: [hud 203k]

HUD Reo Investments (Members)
Is anyone aware of a 3.5% down payment program on HUD Reo investment property? I have recently had a lot of questions about this program but no one seems to know who's doing it. Any ideas?
http://forum.brokeroutpost.com/loans/forum/2/290886.htm (Replies: 3)
Related tags: [hud, reo, investments]

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