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CFPB Rolls out Disclosure Toolkit, Dampens Delay Speculation – Even as some in the industry apparently hope for a reprieve from implementing new mortgage disclosure forms the Consumer Financial. It contains interactive worksheets and checklists, conversation.
PDF MUST use the Streamline Refinance WITHOUT Appraisal Worksheet. – MUST use the "Streamline Refinance WITHOUT Appraisal" Worksheet #3 **UFMIP: Effective for FHA loans for which the case number is assigned on or after October 4, 2010 the UFMIP will be 1.00%. For case number assigned on or after April 9, 2012 the UFMIP will be 1.75%. =$ Maximum Mortgage Amount
PDF Case # Loan Underwriter: – Case #_____ Loan # _____ Underwriter:_____ Refinance Maximum Mortgage Worksheet (Rate & Term) Rate and Term with Appraisal AND Credit Qualifying Conventional to FHA or VA to FHA or FHA to FHA Maximum Mortgage is Lowest of Steps 1 or 2
FHA mortgage insurance refunds are available for FHA loans opened less than 3 years ago. assumed fha mortgages are not eligible for an MIP refund. You must refinance into another FHA loan to receive an MIP refund. FHA MIP refunds are available only if you have not entered into foreclosure or been seriously delinquent on your payments.
The FHA Simple Refinance allows homeowners to go from their current FHA Loan into a new one, whether it is a fixed-rate loan or an ARM.
PDF Loan-to-Value and Combined Loan-to-Value Mortgage Amount. – FHA-insured first lien, closing costs, prepaid expenses, discount points, and then subtract any refund of UFMIP. Interest: The amount of the existing first mortgage may include the interest charged by the servicing lender when the payoff will not likely be received on the first day of the month (as is typically assessed on FHA-insured mortgages).
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FHA Net Tangible Benefit & Streamline Calculator – FHA Net Tangible Benefit & streamline calculator. effective April 18, 2011, the federal housing administration (fha), revised the underwriting requirements (rules) for the fha streamline refinance program. The most notable change is the “net tangible benefit”. New FHA streamline loans originated after April 18, 2011 must demonstrate a 5.