FHA – Mortgage Not Showing on Credit Report: Does FHA require a VOM & 12 months cancelled checks when the mortgage does not show on the credit report?
Answer: FHA only requires a VOM from the servicer and has no special stipulations when the servicer is a private lender when underwriting with TOTAL Scorecard (see the guideline below). There is no requirement to verify the payment history information on the VOM when underwriting with TOTAL. Reference: (C) Undisclosed Mortgage Debt (TOTAL): When an existing debt or [...]