FHA’s TOTAL Score Card
![FHA’s TOTAL Score Card](https://courtlandbuildingcompany.com/wp-content/themes/horizon/timthumb.php?src=/wp-content/uploads/2013/12/score-card.jpg&h=320&w=668&zc=1)
Recently, the Federal Housing Administration (FHA) published revised guidelines for lenders when they manually underwrite mortgage loan applications of borrowers applying for FHA-insured mortgages. This change will improve a lender’s ability to objectively consider a borrower’s risk and reduce additional credit requirements or ‘overlays’ that exceed FHA’s own lending standards. New manual underwriting requirements announced… Continue Reading