Tag: compensating factors

USDA – Chapter 11 – Ratio Analysis Updates to Handbook 1-3555 – Advanced Copy

Written by: Kizzy Kehoe, Staff Writer USDA has issued an Advanced Copy of pending guidance changes and clarifications for their Ratio Analysis Chapter 11. Rule Synopsis: Updated Mortgage Currentcy Chart – Student Loan Repayment – All Agency Comparison Updated Mortgage Currentcy Chart – USDA Refinance Comparison Chart Unlike other agencies, USDA releases an “advanced copy” […]

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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 […]

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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 […]

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