Comments on: FHA Mortgage Reform: When Will Petty Politics End? http://fhaloanadvice.com/fha-mortgage-reform-when-will-petty-politics-end/ FHA Training, Guideline Updates and Advice Thu, 11 Feb 2010 05:26:26 -0500 http://wordpress.org/?v=abc hourly 1 By: Real Estate…………………. A Blog About It » Blog Archive » January 2008 Magnificent 7 Nominees http://fhaloanadvice.com/fha-mortgage-reform-when-will-petty-politics-end/comment-page-1/#comment-25 Real Estate…………………. A Blog About It » Blog Archive » January 2008 Magnificent 7 Nominees Thu, 07 Feb 2008 05:51:08 +0000 http://fhaloanadvice.com/index.php/2008/01/05/fha-mortgage-reform-when-will-petty-politics-end/#comment-25 [...] FHA Mortgage Reform: When Will Petty Politics End?: byFHA Loan Advice [...] [...] FHA Mortgage Reform: When Will Petty Politics End?: byFHA Loan Advice [...]

]]> By: RealEstateUndressed » Blog Archive » It Seems Like Yesterday We Announced The Magnificent 7 http://fhaloanadvice.com/fha-mortgage-reform-when-will-petty-politics-end/comment-page-1/#comment-23 RealEstateUndressed » Blog Archive » It Seems Like Yesterday We Announced The Magnificent 7 Wed, 06 Feb 2008 04:54:47 +0000 http://fhaloanadvice.com/index.php/2008/01/05/fha-mortgage-reform-when-will-petty-politics-end/#comment-23 [...] FHA Mortgage Reform: When Will Petty Politics End?: byFHA Loan Advice [...] [...] FHA Mortgage Reform: When Will Petty Politics End?: byFHA Loan Advice [...]

]]> By: rogerherrick http://fhaloanadvice.com/fha-mortgage-reform-when-will-petty-politics-end/comment-page-1/#comment-21 rogerherrick Mon, 07 Jan 2008 04:15:24 +0000 http://fhaloanadvice.com/index.php/2008/01/05/fha-mortgage-reform-when-will-petty-politics-end/#comment-21 The FHA modernization has yet to be rolled out. It will be interesting if they use more automation for underwriting or will use the current underwriting guidelines and precise ratios. Currently all of the guidelines are in play and only if you fit the matrix. The primary problem with the appraisal is that it must be done with a qualified appraiser with a CHUMS number. Also the appraiser must also determine habitability of the building, screens, plumbing or any other visibile prolems. There are various hurdles that can be navigated by a government loan professional. Roger Herrick California Mortgage Broker www.ContactHerrick.com The FHA modernization has yet to be rolled out. It will be interesting if they use more automation for underwriting or will use the current underwriting guidelines and precise ratios. Currently all of the guidelines are in play and only if you fit the matrix.

The primary problem with the appraisal is that it must be done with a qualified appraiser with a CHUMS number. Also the appraiser must also determine habitability of the building, screens, plumbing or any other visibile prolems. There are various hurdles that can be navigated by a government loan professional.

Roger Herrick
California Mortgage Broker
http://www.ContactHerrick.com

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