Washington State Housing Finance Commission
Download
1 / 94

Homeownership Housing Summit - PowerPoint from May 1 - PowerPoint PPT Presentation


  • 557 Views
  • Uploaded on

Washington State Housing Finance Commission. HOWDY PARTNER!. Homeownership Housing Summit . Wild Western Washington Lender Round Up & Appreciation. 8:00 a.m. - 8:30 a.m. Continental Breakfast and Networking Social

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Homeownership Housing Summit - PowerPoint from May 1' - jacob


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Homeownership Housing Summit

Wild Western Washington Lender Round Up & Appreciation

8:00 a.m. - 8:30 a.m. Continental Breakfast and Networking Social

8:30 a.m. – 8:40 a.m. Welcome, Introductions & Purpose (Karen Carlson/Paul Edwards)

8:40 a.m. – 9:25 a.m. Todd Britsch – Market Trends – Why now is a good time to buy?

Take 5 to go to the watering hole

9:30 a.m. – 9:45 a.m. Mark Vanderlinden - Fannie Mae wants to hear from you.

Take 5 to fetch your messages

9:50 a.m. – 10:20 a.m. Dean Dardzinski – MGIC’s role in the State Bond Program

Take 5 to round up your posse

10:25 a.m. – 11:00 a.m. Lyn Peters – DFI’s response to the lending market

Take 5 to visit the outhouse

11:05 – 11:30 Mina Choo/Dee Taylor – Updates on the tax-exempt bond market

Take 5 to strap on your feedin’ bag

11:35 a.m. – noon Raymond Gonzales – Bank of America/Countrywide Updates

12:00 p.m. – 1:00 -p.m. Lunch

1:00 p.m. – 1:30p.m. Kristin Johnsen – What’s new at HUD

Take 5 to adjust your spurs

1:35 p.m. – 2:00 p.m. Happy Trails to You Wrap-up (Staff)


Welcome

Homeownership Housing Summit

Wild Western Washington Lender Round Up & Appreciation

Welcome


Todd britsch new home trends

Homeownership Housing Summit

Wild Western Washington Lender Round Up & Appreciation

Todd Britsch

New Home Trends


“Your Source for New Construction Real Estate Information”

Now Serving Puget Sound, Portland Metro, Salem, and Boise Regions

asdf

Puget Sound Housing Outlook

Supply and Demand 2009- 2013

Copyright ©2009 New Home Trends Inc

This report may not be reproduced, given away, traded, sold, or distributed without the express written consent of New Home Trends Inc.


Plat Applications, New Inventory, and Sales Information”

Seattle Metro Market: 2004 - 2008

© 2009 New Home Trends


Plat Applications, New Inventory, and Sales Information”

Seattle Metro Market: 2004 - 2008

© 2009 New Home Trends


Plat Processing Time Information”

© 2009 New Home Trends



Historical New Home Sales by Year Month

© 2009 New Home Trends


Historical New Home Sales by Year Month

* Jan. – Feb. 2009

© 2009 New Home Trends



Median Detached New Home Sales Price & Median Household Income

King County, WA

© 2009 New Home Trends


Median Detached New Home Sales Price & Median Household Income

Pierce County, WA

© 2009 New Home Trends


Median Detached New Home Sales Price & Median Household Income

Snohomish County, WA

© 2009 New Home Trends


Projected Puget Sound Demand Numbers Using Estimated Household Growth

© 2009 New Home Trends


© 2009 New Home Trends Household Growth


Take 5 to go to the watering hole

Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Take 5

to go to the Watering hole


Mark vanderlinden fannie mae senior business manager housing finance agencies

Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Mark Vanderlinden Fannie Mae

Senior Business Manager Housing Finance Agencies


Questions
Questions? Household Growth

Contact: Mark Vanderlinden

Senior Business Manager- HFA Business

[email protected]

(972) 773-7642


Take 5 to fetch your messages

Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Take 5

to

Fetch your

messages


Dean dardzinski mgic pacific northwest sales manager

Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Dean Dardzinski

MGIC

Pacific Northwest

Sales Manager


Changes in the mortgage industry

Changes in the Mortgage Industry Household Growth

Presented by: Dean Dardzinski


Debt to income example

Why the Past Environment Household Growthwas Unsustainable

Debt-to-Income Example


Parameters
Parameters Household Growth

  • Full Documentation (Ineligible: Reduced Documentation)

  • Occupancy: Primary Residence

  • Loan Type: Fixed Rate, Temporary Buydown*, Interest -Only*, GPM*

  • Property Type: Detached, Attached, Condos (max 95% ltv), Cooperatives (Max 90% ltv)

  • Ratios: 41% Total DTI*

*See complete guidelines at www.mgic.com/uwguide


Affordability rates are 20 less than standard monthly premiums

Affordability+ Rates Household Growth

affordability+ rates are 20% less than standard monthly premiums.


Thank You! Household Growth


Take 5 to round up your posse

Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Take 5

to

Round Up

your posse!


Homeownership Housing Summit Household Growth

Wild Western Washington Lender Round Up & Appreciation

Lyn Peters

Department of Financial Institutions

Director of Communications

Financial Education & Outreach


Housing in washington

Housing in Washington Household Growth

What has DFI been doing?


Nationwide, subprime loan delinquencies fell dramatically after the post-dotcom recession ended but rose dramatically from June 2006 to December 2008, most alarmingly among defaulting Subprime ARM loans

"Regulating financial services to protect and educate the public and promote economic vitality."


Lack of coordinated federal agency regulation of mortgage lending
Lack of coordinated federal agency regulation after the of mortgage lending

OFFICE OF COMPTROLLER OF THE CURRENCY

* OFFICE OF FEDERAL HOUSING ENTERPRISE OPPORTUNITY (OFHEO) AND FEDERAL HOUSING FINANCE BOARD (FHFB) TRANSFERRED TO FHFA IN 2008 AS PART OF FANNIE MAE/FREDDIE MAC REFORM.

OFFICE OF THRIFT SUPERIVISON

FEDERAL HOUSING FINANCE AGENCY*

FEDERAL RESERVE BOARD OF GOVERNORS

FEDERAL TRADE COMMISSION

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF JUSTICE

SECURITIES & EXCHANGE COMMISSION

NATIONAL CREDIT UNION ADMINISTRATION

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

FARM CREDIT ADMINISTRATION

DEPARTMENT OF HOUSING & URBAN DEVELOPMENT

"Regulating financial services to protect and educate the public and promote economic vitality."


The tangled web of regulation
The Tangled Web of Regulation after the

"Regulating financial services to protect and educate the public and promote economic vitality."


Arm outreach
ARM outreach after the

  • DFI Adopts CSBS/AARMR Guidance on Nontraditional Mortgage Product Risks (11-06)

    • http://dfi.wa.gov/cs/nontraditional_mortgage_guidance.htm

  • DFI adopts statement on subprime mortgage lending (07-07)

    • Consumer protection is goal of multiple agency agreement

    • http://www.dfi.wa.gov/consumers/news/2007/subprime_mortgage_lending_news.htm

  • OpEd

    • http://www.dfi.wa.gov/consumers/news/2007/jarvis_arm_oped.htm

"Regulating financial services to protect and educate the public and promote economic vitality."


Arm outreach1
ARM outreach after the

  • Bi-lingual Statewide Advertising & Outreach

"Regulating financial services to protect and educate the public and promote economic vitality."


Homeowner security task force
Homeowner Security Task Force after the

  • http://dfi.wa.gov/taskforce/default.htm

  • 25 members & alternates

  • 4 Subcommittees

    • Best Practices for Lenders & Servicers

    • Best Practices for Originators

    • Consumer Education & Counseling

    • Financial Literacy Report

  • 24 recommendations

  • Resulting in Legislation

"Regulating financial services to protect and educate the public and promote economic vitality."


2008 legislation
2008 Legislation after the

  • HB 2770 – Homeownership Security (Governor Bill - Effective Date 6/12/2008)

  • HB 2791 Distressed Property (Attorney General Bill - Effective Date 6/12/2008)

  • SB 6272 – Financial Literacy (Governor’s Bill-Effective Date 2/11/2008)

  • SB 6381 – Mortgage Brokers (Effective Date 6/12/2008)

  • SB 6471 – Loan Regulations (Effective Date 6/12/2008)

  • SSB 6711 – Smart Homeownership Choices (Effective Date 6/12/2008)

  • SSB 6847 – Real Estate Settlement (Effective Date 6/12/2008)

"Regulating financial services to protect and educate the public and promote economic vitality."


To regulate the abuses in the delivery system the pendulum has swung back

There has been a after the RESURGENCE OF DIRECT BANK ORIGINATIONS.

Wall Street’s influence over loan products has been curtailed byRE-REGULATION OF LOAN PRODUCTS.

Once greater than 14% of all originations,“SUBPRIME” LOANS ARE NOW HARDER TO COME BY.

With plummeting house values and “maxed-out” borrowers,HOME EQUITY LENDING FELL SHARPLY.

Under increasing regulatory scrutiny and criticism due to aggressive over-selling, theOPTION-ARM LOAN NEARLY DISAPPEARED from the market.

At the urging of Congress, once moreFHA AND VA LOANS became the predominant vehicle for low- or zero-down lending.

Also under heavy scrutiny and criticism, “STATED-INCOME” AND “NO DOC” LENDING HAS BEEN RESTRICTED.

To regulate the abuses in the delivery system,the pendulum has swung back

"Regulating financial services to protect and educate the public and promote economic vitality."


Investigation enforcement
Investigation & Enforcement after the

  • Investigative reporter Eric Nalder highlighted DFI’s enforcement activities http://www.seattlepi.com/local/402493_mortgagesquibs06.html

  • Since 2007 DFI:

    • Denied 164 licenses

    • Opened 677 new cases

    • Closed 343 cases

    • 132 cases are in litigation, 278 are active

  • Since 2007 DFI issued:

    • 107 – Consent Orders

    • 195 – Final Orders

    • 372 – Statement of Charges

    • 10 – Temporary Cease & Desist Orders

  • DFI does this with only 9 examiners, 2 supervisors and an Enforcement Chief

"Regulating financial services to protect and educate the public and promote economic vitality."


Sb 6272 homeownership program
SB 6272: Homeownership Program after the

  • WSHFC coordinated and ran

  • www.homeownership.wa.gov

  • 1.877.894.HOME

  • Free counseling for pre-purchase and post purchase

    • 2868 have taken advantage of counseling

      • 1636 Post-Purchase

      • 1232 Pre-Purchase

  • Only 14 foreclosures

"Regulating financial services to protect and educate the public and promote economic vitality."


Statewide advertising outreach
Statewide advertising & outreach after the

  • Bi-lingual

  • State-wide

  • Print, radio, TV, theatre, online, bus, billboard, Val-Pak, direct mail packets

  • Foreclosure prevention forums

  • Fairs & Festivals

"Regulating financial services to protect and educate the public and promote economic vitality."


2009 legislation
2009 Legislation after the

  • EHB 1311 - Regulating Reverse Mortgage Lending Practices

  • SHB 1621 -Regulating Consumer Loan Companies For Compliance With The Secure And Fair Enforcement For Mortgage Licensing Act Of 2008 (“SAFE Act”)

  • SHB 1749 Regulating Mortgage Brokers For Compliance With the SAFE Act

  • SB 5221 - Distressed Property Conveyances

  • ESB 6033 - Creating the prevent or reduce owner-occupied foreclosure program

"Regulating financial services to protect and educate the public and promote economic vitality."


For all residential loan types as of 4 after the th QTR 2008, Washington State ranks 46th among all other states and the District of Columbia in percentage of total past due loans.

"Regulating financial services to protect and educate the public and promote economic vitality."


What s next
What’s next? after the

  • We’re working with industry, media, and Web 2.0 social media to share a new message: “Now may be the right time to assess your homeownership status.”

  • http://dfi.wa.gov/consumers/education/home/homeownership-status.htm

  • Buy, refinance, prevent foreclosure

  • Updated Guide


Questions1
Questions? after the

  • Lyn Peters  Director of Communications Financial Education & Outreach P: 360-902-8731C: 360-349-8501 [email protected]

    • www.dfi.wa.gov

      • En Español at 1.888.976.4422

        • www.dfi.wa.gov/financial-education

        • www.twitter.com/FinEd4All

        • www.twitter.com/DFIConsumers

        • www.finlit.blogspot.com

        • www.youtube.com/user/WADFI

        • www.homeownership.wa.gov

"Regulating financial services to protect and educate the public and promote economic vitality."


Take 5 to visit the outhouse

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Take 5

to

Visit the Outhouse


Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Mina Choo

RBC Capital Market

Municipal Finance Group

Director

Dee Taylor

WSHFC

Homeownership Division

Director


Washington state housing finance commission lender roundup

Washington State Housing Finance Commission after the

Lender Roundup

May 1, 2009


Use of Bond Proceeds after the

WSHFC Issues Bonds

Lenders

Lenders

Housing Agency

Lenders

Lenders

Bonds

Bondholders

Insurance/

Casualty

Companies

Bond Funds

Banks

Individuals

(Retail)

Others


Use of Bond Proceeds after the

Lenders Make Loans with Bond Proceeds

Mortgages

Lenders

Homeowners

Mortgages

Lenders

Housing Agency

Homeowners

Mortgages

Lenders

Homeowners

Proceeds

Mortgages

Lenders

Homeowners

Bondholders


Use of Bond Proceeds after the

Mortgages Purchased and Pooled by Master Servicer and then Sold to Bond Trustee

Lenders

MBS

Master

Servicer

Lenders

Housing Agency

  • Mortgages purchased and pooled into MBS

  • MBS sold to Bond Trustee

Lenders

Lenders

Bondholders

Insurance/

Casualty

Companies

Bond Funds

Banks


Use of Bond Proceeds after the

Origination Period (Negative Arbitrage)

Mortgages

Lenders

Homeowners

MBS

Mortgages

Master

Servicer

Lenders

Housing Agency

Homeowners

  • Mortgages purchased and pooled into MBS

  • MBS sold to Bond Trustee

Mortgages

Lenders

Homeowners

Bonds

Proceeds

Mortgages

Lenders

Homeowners

Bondholders

Insurance/

Casualty

Companies

Bond Funds

Banks

Individuals

(Retail)

Others


Payment of debt service
Payment of Debt Service after the

Mortgage Receipts collected by Master Servicer (FNMA and GNMA Certificates)

Home Owners

Mortgage + Interest + Prepayments (MBS Certificates)

Master Servicer

Housing Agency


Payment of bond debt service
Payment of Bond Debt Service after the

Bond Debt Service is paid by the Trustee every 6 months

Home Owners

Mortgage + Interest + Prepayments (MBS Certificates)

Master Servicer

Housing Agency

Housing Agency

Trustee

Bond Interest + Principal + Redemptions

Bond Holders

Bond Holders

Bond Holders

Bond Holders

Bond Holders


Bond program rates
Bond Program Rates after the

Housekey Mortgage Rates Dependent on Bond Rates

7.00% Market mortgage rate

6.125% Lending rate to home owner (Mortgage Yield)

5.00% Cost of borrowing to HFA (Bond Yield)


Bond program rates1
Bond Program Rates after the

Housekey Mortgage Rates Dependent on Bond Rates

7.00% Market mortgage rate

6.125% Lending rate to home owner (Mortgage Yield)

5.00% Cost of borrowing to HFA (Bond Yield)

  • Spread between Mortgage and Bond Yield

    • To Cover Cost of Issuing Bonds

    • To Cover Negative Arbitrage

    • To Pay Ongoing Bond Costs

      • Trustee Fee

      • Quantitative Consultant

      • Administrative Costs

      • Servicing and FNMA/GNMA g-Fee

    • To Compensate Commission For Risk





Historical costs 1890 2008
Historical Costs: 1890 - 2008 after the

203

137

100

81

303M

50

63M

2.69%

3.42%

Real Building Cost Index: Source: McGraw-Hill Construction/Engineering News Record – Building History Index

Real Home Price Index: Sources: Grebler; Five City Median; PHCPI; OFCEO; S&P/CSI-US


Historical costs 2000 2008
Historical Costs: 2000 - 2008 after the

203

137

126

81

79

303M

282M

6.66%

2.69%

Real Building Cost Index: Source: McGraw-Hill Construction/Engineering News Record – Building History Index

Real Home Price Index: Sources: Grebler; Five City Median; PHCPI; OFCEO; S&P/CSI-US


Timeline of a financial crisis
Timeline of a Financial Crisis after the

Crisis in Municipal Bond Market

  • The Fed bails out AIG $85B

  • Stocks drop 777 pts in one day

  • Flight to quality

  • Variable rates jump

  • Money market redemptions jump

  • Lehman declares bankruptcy

  • ML sold to BofA

  • Sept 2008

  • Municipal Bond Insurers’ exposure to CDO and subprime market affect ratings

  • Problems emerge in ARCS market

  • Investor confidence shaken

  • Banks start “writing down” asset losses

  • Spring 2008

  • Problem bigger than subprime market

  • Credit default swaps

  • Tightening of credit markets

  • Summer 2008

Subprime problem recognized

Fall 2007

Sept 2008

Fannie and Freddie placed in conservatorship

Oct 2008

Emergency Economic Stabilization Act 2008

$700B TARP Fund created

Feb 2009

America Recovery and Reinvestment Act 2009 (2009 Stimulus Act) includes Homeowner Affordability Plan

Nov 2008

Term Asset-Backed Securities Lending Facilities (TALF) created which authorizes $100B purchase of GNMA, FNMA and FHLMC debt and $500B of MBS

March 2008

Feds engineer the sale of bear Stearns to JP Morgan

July 2008

Housing and Economic Recovery Act (HERA) 2008

Legislative Reaction


Getting hungry take 5 to get ready to strap on your feedin bag vittals are coming

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

(getting hungry?)

Take 5

to get ready to

Strap on your

feedin’ bag

(vittals are coming…)


Raymond gonzales bank of america countrywide product consultant support affordable lending

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Raymond Gonzales

Bank of America

(Countrywide)

Product Consultant & Support

Affordable Lending


Washington state housing finance commission

Washington State Housing Finance Commission after the

Master Servicer Report


New name new company countrywide bank to bank of america
New Name- New Company after the Countrywide Bank to Bank of America

Bank of America is open for business. We are helping individuals and businesses

manage through the recession, making good loans to help drive economic recovery

We are supporting our communities. We are working on multiple

fronts, taking responsibility to help support our communities during hard times.

In 2008, we:

  • Modified nearly 230,000 home loans, representing more than $44 billion in mortgage financing

  • Donated $200 million to non-profit institutions supporting critical community needs

  • Delivered more than $450 million in loans and investments to Community Development Financial Institutions

    And our associates:

  • Volunteered more than 900,000 hours in our communities

  • Donated more than $25 million to charitable organizations, matched by Bank of America’s Matching Gift Program


Transition information
Transition Information after the

  • On April 27, 2009, Countrywide Correspondent Lending further aligned with Bank of America Mortgage, Home Equity and Insurance Services.

    • At that time Correspondent Lending clients saw a change from the Countrywide brand to a new Bank of America brand.

    • Additionally, on the same day, Countrywide Bank, FSB merged with Bank of America, N. A.

  • We believe that operational impacts to our clients from these changes will be minimal. We have provided Quick Reference Guides to assist with preparation for any changes that might impact the way in which you conduct business with Correspondent Lending from day-to-day.


Same bond team contacts
SAME Bond Team Contacts after the

Phone: (800) 394-4554

Fax: (888) 200-5572

Bond Team:

Jemie Morelos - Team Manager x 8046

[email protected]

Arno Megerdechyan- Operations Account Manager X 8013

[email protected]

Phone: (800) 669-6065

Laura Uschok - VP MRB Operations/Trainer X 8160

[email protected]

Kristi Descher – Program Mgr/Bond Operations Trainer x 8161

[email protected]


Wshfc purchase file to master servicer
WSHFC Purchase File to Master Servicer after the

  • NO CHANGE in purchase file mailing address, only name change

    Bank of America, N. A.

    Correspondent Lending

    Master Servicing Bond Unit

    8501 Fallbrook Avenue

    Mail Stop WH-50D

    West Hills, CA 91304

    Fax number for suspense conditions: 888.200.5572


Endorsements assignments and mers
Endorsements, Assignments and MERS after the

  • Endorse all Notes to Bank of America, N. A.: Pay to the order of Bank of America, N. A.

  • Corporate Assignment to Bank of America, N. A.

  • Clients may reference the Beneficiary (Owner) MERS ID as 1000255 (Bank of America, N. A.) effective April 27. The existing Servicer MERS ID 1000157 remains the same but with a name change to BAC Home Loans Servicing, LP.


Hazard insurance mortgagee clause
Hazard Insurance Mortgagee Clause: after the

Hazard Insurance Mortgagee Clause:

For all carriers:

BAC Home Loans Servicing, LP

Its Successors and/or Assigns

A.T.I.M.A.

P. O. Box 961206

Fort Worth, TX 76161-0291


Good bye letters
Good-bye Letters after the

  • The good-bye letter must state that Bank of America, N. A. is the investor and include the date payments should be forwarded to Bank of America.

    Payments

  • Bank of America, N. A.

  • P. O. Box 10219

  • Van Nuys, CA 91410-0219

    Borrower inquiries

  • Bank of America, N. A.

  • Attn: Customer Service, PTX-26

  • P. O. Box 670009

  • Dallas, TX 75267-0009

  • 800.669.6607


Recorded security documents trailing documents
Recorded security documents, trailing documents after the

Bank of America, N. A.

Document Processing

1800 Tapo Canyon Road,

Mail Code CA6-914-01-41

Simi Valley, CA 93063


Lunch please return by 1 00pm

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Lunch

Please return

by 1:00pm


Kristin johnsen us department of housing and urban development supervisory program specialist

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Kristin Johnsen

US Department of Housing and Urban Development

Supervisory Program Specialist


Wshfc lender round up fha update
WSHFC LENDER ROUND UP: after the FHA UPDATE

M. Kristin Johnsen

May 1, 2009


What we will cover today
What we will cover today after the :

  • Changes to FHA in the past two years – review of mortgagee letters

  • Focus on specific changes and how they affect us in the Pacific Northwest

  • Best ways to keep up to date



In the news
IN THE NEWS after the

New Secretary of HUD – Shaun Donovan

  • Former Assistant Secretary for Multi-family and acting FHA Commissioner

  • Served as Commissioner of the New York City Department of Housing Preservation and Development

  • Focused on continuing relevance of FHA in our communities to also address transportation and energy efficiency issues through mortgage lending program


In the news1
IN THE NEWS after the

Updated interactive handbooks to be available soon on www.fha.gov


IMPORTANT TO THE LOCAL INDUSTRY: after the

  • Increased loan limits

  • HECM for purchase


Local loan limits
LOCAL LOAN LIMITS after the

Seattle/Tacoma/Everett $567,500

Wenatchee 342,700

Mt Vernon 373,750

Vancouver 418,750

Tri cities 275,000

Statewide HECM $625,500

Hope for Homeowners $550,440


Other program changes
OTHER PROGRAM CHANGES after the

  • 3.5% down payment required; cannot consider funds for closing costs

  • Maximum loan amount must include up front MIP

  • Maximum mortgage limit includes financing upfront MIP – 100% of value

  • Minimum FICO 500 for LTV ≥ 90%



Contact information
CONTACT INFORMATION after the

List serve

http://www.hud.gov/offices/hsg/sfh/ref/hsgregst.cfm



www.fha.gov after the


Elearning web site
eLearning web site after the

http://elearning.fhaoutreach.gov/ilearn/en/learner/jsp/login.jsp?site=HUD


Single family questions
Single Family Questions after the

1 – 800 – CALL FHA

www.fha.gov

[email protected]


THANK YA KINDLY! after the


Take 5 to adjust your spurs

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Take 5

to

Adjust your Spurs


Wrap up happy trails to you

Homeownership Housing Summit after the

Wild Western Washington Lender Round Up & Appreciation

Wrap-up

Happy Trails

to You


ad