Mar 29, 2012
HUD has issued a letter that outlines changes starting as of April 1, 2012. There are a few changes, but the most important one to most borrowers is shown below in an excerpt from the HUD letter. In summary, Starting with FHA case numbers pulled on or after 4/1/2012, loans with collections over $1000 cumulative will have to be paid in full or in at least a 3...