Written by: David Hail, Staff Writer There are more fees to disclose on USDA loans so read through this article to find out what needs to be disclosed and when. Rule Synopsis: On November 8, 2019 USDA Rural Development announced that they will be collecting a new “Technology Fee” from Lenders effective January 1, 2020. […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
Written by: David Hail, Staff Writer This is an important change to the USDA program that all USDA lenders need to read. Rule Synopsis: On October 4, 2019 USDA Rural Development issued Procedure Notice 529, which revised tolerance threshold on a borrower’s monthly debts as outlined in HB-1-3555, Chapter 5, “Origination and Underwriting Review.” We […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
Related Article Title: USDA Rural Development Revises Data Tolerances Written by: David Hail, Staff Writer This is an important change to the USDA program that all USDA lenders need to read. Rule Synopsis: On October 4, 2019 USDA Rural Development issued Procedure Notice 529, which revised tolerance threshold on a borrower’s monthly debts as outlined […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
Related Article Title: USDA – Student Loan Repayment Calculation for USDA Rural Development SFH Guaranteed Loans – Effective September 23, 2019 Written by: David Hail, Staff Writer Calculating the correct student loan payment for a mortgage applicant can be a moving target depending on the guidelines. With this update, USDA makes a huge change in […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
Written by: David Hail, Staff Writer Calculating the correct student loan payment for a mortgage applicant can be a moving target depending on the guidelines. With this update, USDA makes a huge change in the way lenders are instructed to calculate a student loan payment for a client. Rule Synopsis: On September 23, 2019 USDA […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.