- NonSupervised Lender Shutting Down Operations
Hello, Our client, who is a Non-Supervised Lender - is closing down operations at the end of 2019. I have…
- Lender Failure to Report Notice of Material Event
A lender failed to report a quarterly net operating loss in excess of 20 percent of net worth (2nd quarter)…
- Lending outside the state where a lenders home office is located
FHA had a rule for decades stating that a mortgage lender could make FHA loans in the state where it…
- Holder (seller) Reporting Requirements (15 Day Rule)
Anonymous: Per chapter 7 of the HUD audit guide, Section 7-5,3(e)(2)(a) (page 7-10 of the guide issued 5/2014), “The holder…
- FHA Minimum Investment
I'm seeing some lenders not counting anything aside from the down payment toward the minimum investment and others looking at…
- HUD lender-business form allowed
We have a corporate HUD lender that entered into a joint venture agreement with some other entities. To do the…
- ESOP
An FHA lender client is looking into an ESOP. If they sell into an ESOP trust they will have a…
- Loan File Review for Compliance Testing
With the phase out of the HUD-1's has HUD issued any new guidance on the examination of the loan files…
- FHA Lender Guidelines for Investing
My client is an FHA nonsupervised lender and is requesting guidance as to what type of investments they can invest…
- On site GNMA custodial review requirement
Have a new client that has GNMA reporting requirements and is looking at having to do a custodial review on…
- Branch receivable for mortgage lender
We have a mortgage lender client that makes advances to their branches when the branch expenses exceed the commissions earned…
- FHA Quality Control
I attended your FHA Lender updates webinar earlier this month and I think we covered this but I cannot recall…
