Tag: Chapter 11

USDA – Updates to Chapter 10 and Chapter 11

Written by: David Hail, Staff Writer USDA lenders, this is a massive update so heads up.  Our expert breaks down the “New”, “Clarifications” and “Reminders” announced by the agency. Rule Synopsis: The great news is that the revisions to Chapter 10 “Credit Analysis” and Chapter 11 “Ratio Analysis” USDA Rural Development announced were coming in […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

USDA – Major Revisions to Chapter 11 – Ratio Analysis

Written by: David Hail, Staff Writer The revisions to technical handbook HB-1-3555 Chapter 11, Ratio Analysis, are significant and require your full attention if you are originating these types of loans. Rule Synopsis: USDA Rural Development announced on January 29, 2020 that they will soon publish a revision to technical handbook HB-1-3555 Chapter 11, Ratio […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

VA – Guideline Changes: Did VA Implement the changes they discussed at the Annual Conference last Year? I can’t find anything on that. [NEW Chart – Comparison of Previous Chapter 4 (Credit Underwriting) Guidelines vs New Guidelines]

Answer: VA caused a big stir in the industry when they released and continued to release one update after another during the past couple of weeks.  VA did not issue any documentation regarding “what” changed, so we analyzed the changes and created an 8-page chart for the Chapter 4 credit underwriting guidelines.  In addition to […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top