SOURCE: Mortgage News Feed
The Federal Housing Administration has announced it will be extending its condo approval guidelines through 2016, the administration announced through mortgagee letter 2014-17this week. There will be no changes to condo lending guidelines under the FHA from the most recent guidelines published in mortgagee letter 2012-18, FHA stated. Under the changes included in the 2012 mortgagee letter, condo lending requirements were eased slightly for lenders.
To read the entire article, please visit:
About The Author
Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.