FHA Message for Lenders:

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FHA Message for Lenders:

Mortgagee Letter 2010-24 eliminated the unlimited Combined Loan-to-Value (CLTV) ratio, and reinstated the requirement that the total of any FHA-insured first mortgage and any subordinate lien may not exceed the applicable FHA loan-to-value and geographical maximum mortgage amount. FHA is removing the requirement that the combined first and second loan amounts may not exceed the geographical maximum mortgage amount. Only the FHA-insured first mortgage must be within the FHA maximum mortgage limits. A Mortgagee Letter superseding in its entirety ML 2010-24 will be issued shortly and will be effective for case numbers issued on or after September 7, 2010.

All FHA Mortgagee letters can be found on-line on HUD’s website at: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/

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FHA Condominium Recertification Industry Call – Question and Answer Session:

FHA will conduct another industry call on the Condominium Recertification Process on Wednesday, September 8, 2010 from 2:00 – 3:30 pm Eastern Time. The purpose of this call is to address unanswered or new questions regarding the recertification processing requirements. The dial-in number is: 1-877-941-1706 and the confirmation number is: 170410

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FHA comes to Spokane, WA:

September 22, 2010 – Spokane, WA. FHA Insured Mortgage Programs. Learn about FHA insured mortgage programs including rehabilitation mortgages, energy efficient mortgages, condominiums, & Real Estate Owned HudHomes (REO’s), as well as recent changes & updates. This live and in person training is for Real Estate Brokers, Agents, & Loan Officers. Hosted by HUD. Register for the morning or afternoon session. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.addRegisterEvent&eventId=628&update=N

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FHA Webinars for Lenders:

Register today, these webinars will fill up fast!

September 9, 2010 – Webinar: FHA Refinance. This free training will help you better understand the FHA Refinance general guidelines. Topics to be discussed will include; Recent Updates, Streamline Refinances, Cash-Out & Rate & Term Refinances with an emphasis on changes to the Streamline Refinance guidelines. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=581&update=N

September 14, 2010 – Webinar: FHA Connection Part I. This free training will benefit Underwriters, Processors, Loan Originators & FHA Connection Coordinators. An overview of the FHA Connections system to include: Case number assignments, Appraisal Logging, Insurance Application, Coordinator privileges, overall lender functions, & case number queries. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=582&update=N

September 15, 2010 – Webinar: FHA Connection Part II. This free training will benefit Underwriters, Processors, Loan Originators & FHA Connection Coordinators. The training should increase proficiency with an overview of FHA Approval Lists, Origination Reports, Housing/HECM Counseling, UFMIP, Neighborhood Watch functions, & case number queries. Attendees must have internet access. Registration required, no fee. All times are mountain daylight time. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=584&update=N

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FHA training comes to Southern California:

September 9, 13 & 28, 2010 – Southern CA. Live, in-person FHA training for Real Estate Professionals. Learn about FHA insured mortgage programs including rehabilitation mortgages, energy efficient mortgages, condominiums, & Real Estate Owned HudHomes (REO’s), as well as recent changes & updates. This training is for Real Estate Brokers, Agents, & Loan Officers. Registration required, no fee, all times are pacific. Register today, space is limited & these live training sessions will fill up fast!

September 9, 2010 – San Diego, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=597&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=598&update=N

September 13, 2010 – Ontario, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=599&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=600&update=N

September 28, 2010 – Long Beach, CA:

Register for the morning session 9:00 AM-12:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=603&update=N

Register for the afternoon session 1:00 PM-4:00 PM at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=602&update=N

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