The Smart Team of NOVA® Home Loans

FHA, VA, Ginnie, USDA Changes; CFPB's Tongue-Lashing From Hensarling

Posted To: Pipeline Press

If you think mortgage regulations are running amok, as part of the Affordable Care Act, restaurants with 20 or more locations will soon have to post signs indicating calorie counts for every item and every variation of an item on the menu. If you are Domino’s Pizza, or CPK, or any chain, how do you comply with this? And really, will anyone read it? If I want a slice of bacon cheese supreme, I want a bacon cheese supreme. FHA published Mortgagee Letter 2017-08 , which announces the following related to its implementation of the Loan Review System (LRS): May 15, 2017, implementation date for LRS and the associated changes to the Single Family Housing Policy Handbook 4000.1 (SF Handbook) published in Mortgagee Letter 2017-03 ; and A change in the effective date to May 15, 2017, for Direct…(read more)

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Source: Mortgage News Daily

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