FHA Info # 19-07 – Managing Mortgage Risk Trends – FHA Changes to TOTAL Scorecard – March 14, 2019, Effective March 18, 2019

Written By:  Tracey Rumsey, Staff Writer FHA came out of nowhere and gave the industry a short day-and-a-half notice on changes in their automated underwriting system.  This update addresses those changes and what we are observing so far. Rule Synopsis: TOTAL Mortgage Scorecard is being updated to address the concerns with mortgages with higher-risk characteristics [...]