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Big Changes for FHA Loans and Closing Processes

Discussion in 'Education, Tutorials & Courses' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Well, between the new regulations for closing statements/disclosures that went into effect this last week and major changes that have been rolled out by the FHA – it is a busy time in real estate. Let’s look at the changes the FHA is rolling out and their impact on borrowers: There are two categories of changes, good and bad: Positive (yes there are a few) Business Debt (in the borrowers name) – this can now be excluded but there has to be proof that the business pays for the obligation and it

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