FHASecure Guidelines

Posted in FHA Guidelines on May 7, 2008.

May 7, 2008
MORTGAGEE LETTER 2008-13

TO: ALL APPROVED MORTGAGEES
SUBJECT: Expansion of FHASecure

In Mortgagee Letter 2007-11, the Federal Housing Administration announced FHASecure, a temporary initiative to permit lenders to refinance delinquent adjustable rate mortgages (ARMs) and/or to offer new subordinate financing where the combined loan-to-value ratio exceeds the applicable FHA loan-to-value ratio and geographical maximum mortgage amount. The Department has decided to expand FHASecure as follows:

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