What Temporary Guidance Has Been Issued by FHA for Self-Employed Borrower Income?
Question: I am being challenged with a self-employed file and documenting it correctly. What is needed in today’s COVID world? Answer: The requirements for the YTD P & L and the 2 months of bank statements are standard underwriting requirements. The only new COVID-related requirements for self-employed borrowers were recently issued in Mortgagee Letter 2020-23 […]