| All Mortgage Services III, LLC Announcements will be listed both here and on the resources page of this site. If you are looking for older versions they can be found in the archive.
2012 Wholesale Lending Announcements
Issue Date: 2/2/2012
Effective Date: As Noted
Announcement #: WPA-2012-003
To: All MSI Wholesale Partners
Re: Multiple Topics and Important Reminders and Tips
- MSI enhancement to DU Refi Plus™.
- New Fannie Condo/PUD insurance guidelines.
- New Lock Policies:
. Addition of an “aggregate loan amount” limit for locking multiple properties.
. NMLS requirements.
- Important Reminders:
. Temporary Extension Fee-deadline.
. Disputed Credit Guidelines.
. Document Aging: Note Date and "escrow" states.
Issue Date: 1/12/2012
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2012-002
To: All MSI Wholesale Partners
Re: USDA; Temporary Extension Fee; Borrower Privacy
- Martin Luther King Day.
- Fraud Reports required for USDA loans.
- A temporary added extension fee.
- Borrower Privacy.
Issue Date: 1/6/2012
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2012-001
To: All MSI Wholesale Partners
Re: VA Loan Limits and Other Important Reminders and Tips
- VA loan limits.
- Clarification for HPML loans.
- Reminder regarding MERS changes.
- Reminder-Proper disclosure of Credits and Fees.
- Tips for MSI Guidelines.
- ULDD Tips.
- Revision- Recapture Fees (Early Prepayment).
- Reminder Escrow Accounts Required.
2011 Wholesale Lending Announcements
Issue Date: 12/16/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-040
To: All MSI Wholesale Partners
Re: Government High Balance; First Lien Position; Site Condos and UAD
- VA Loan Limits - High Balance IRRRL.
- FHA High Balance Loan Limits.
- Reminder - Holiday Closing.
- Reminder - First Lien Position
- Site Condos and UAD.
Issue Date: 12/8/2011
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2011-039
To: All MSI Wholesale Partners
Re: USDA Fee Change; FHA High Balance; Other Topics
- USDA Funding Fee change for Refinance Transactions.
- 2012 Reinstatement of FHA High Balance loan amounts.
- Reminder - Ordering Tax Transcripts.
- Underwriting Revisions and Clarifications.
- MERS Changes - Reminder
- Non-Owner Occupied Cash Out loans.
Issue Date: 11/23/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-038
To: All MSI Wholesale Partners
Re: USDA Fund Appropriation; VA Funding Fees
- USDA Funding.
- Changes to VA Funding Fees as announced by VA.
- Thanksgiving Holiday Reminder.
Issue Date: 11/17/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-037
To: All MSI Wholesale Partners
Re: Minimum LPC Increase; Clark County Nevada Restrictions; Underwriting Chapter Clarifications; AIR Requirements
- An increase to MSI minimum Lender Paid Comp plan compensation.
- Elimination of MSI lending in Clark County, Nevada.
- Underwriting Chapter Clarifications.
- AIR Requirements for FHA/VA and USDA Loans.
- Thanksgiving Holiday Reminder.
Issue Date: 11/3/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-036
To: All MSI Wholesale Partners
Re: UCDP Clarification; Veteran’s Day Reminder; Change to Procedures for Doc Prep
- Important Clarification Reminder for the Uniform Collateral Data Portal (UDCP).
- Veteran’s Day Reminder.
- Change in MSI’s Doc Prep Guidelines.
Issue Date: 10/27/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-035
To: All MSI Wholesale Partners
Re: USDA, LPMI Rates, Reminders and Other Topics
- USDA Funding. Temporary Moratorium for Refinance Transactions.
- LPMI rates changing and correction to MI guidelines.
- Reminder for Uniform Appraisal Data (UAD) and Uniform Collateral Data Portal (UCDP).
- Reminder for Nationwide Mortgage Licensing System (NMLS) IDs.
- Revisions to underwriting guidelines for Self-Employed Borrowers and Gift of Equity.
Issue Date: 10/20/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-034
To: All MSI Wholesale Partners
Re: Disclosure Language
- New Investor Requirement - Added Language for Flood Insurance and Servicing Transfer Disclosures.
Issue Date: 10/13/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-033
To: All MSI Wholesale Partners
Re: USDA; VA Funding Fee; Tax Extension Deadlines
- USDA Funding
- USDA loans and Flood Cert
- Tax Extension Deadline Reminder
- VA Funding Fee - Announcements by VA
Issue Date: 9/29/2011
Effective Date: As Noted
Wholesale Lender Announcement #: WPA-2011-032
To: All MSI Wholesale Partners
Re: USDA Changes
- USDA Revisions and Guarantee Fee Reminder
Issue Date: 9/23/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-031
To: All MSI Wholesale Partners
Re: UAD Clarification; NMLS Clarification; Other Topics
- UAD Clarification - MSI updates minimum Quality Rating
- NMLS Clarification - Delaware, Maine and Missouri
- VA Funding Fee Reduction for October 1, 2011
- Underwriting Clarifications
Issue Date: 9/15/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-030
To: All MSI Wholesale Partners
Re: Reminders and Other Topics
- Reminder - Uniform Appraisal Dataset (UAD) required for FHA loans
- Quick Reminder that Fannie Mae will be updating DU for FHA loans the weekend of 9/17/11
- Clarification for credit requirements Non-Purchasing Spouse for community property states
- Clarifications and restrictions for the use of “Future Income”
- Clarification regarding Temporary High Balance Loan Limits versus Permanent “High Balance” loan limits
Issue Date: 9/8/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-029
To: All MSI Wholesale Partners
Re: Multiple Topics
- Underwriting Changes
- Reminder regarding USDA anticipated implementation of an Up-Front guarantee fee and an annual fee
- Reminder-Disclaimer regarding compliance or legal information provided by MSI
- Deadlines for Temporary High Balance - Conforming and FHA
Issue Date: 8/25/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-028
To: All MSI Wholesale Partners
Re: USDA, Temporary Loan Limits and Other Topics
- Reminder regarding Financed Private Mortgage Insurance
- Expiration dates for High Balance Loan Limits
- Increase in LPMI maximum DTI
- Revision to the MSI Extension Policy
- USDA Clarifications/Revisions
- Underwriting Guidelines
- Principal Curtailment Policy
- Changes to process for FHA ARMs
Issue Date: 8/18/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-027
To: All MSI Wholesale Partners
Re: UAD Reminders and Elimination of 2075
- Reminders regarding the Uniform Appraisal Dataset - Conventional Loans
- Elimination of the acceptance of the 2075
- Reminder: DU Version 8.3- Installation the weekend of 8/20/11
- Reminder/Clarification - Title Insurance coverage amount
Issue Date: 8/11/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-026
To: All MSI Wholesale Partners
Re: FHA Updates and other Multiple Topics
- FHA Streamline - operation correction.
- FHA Sponsored Originator and Authorized Agent - Updates to Seller Guide.
- Security Bars on Windows - MSI requirement - ALL Products.
- Pre-Foreclosure Event - Clarification.
- Reminders - AUS
Issue Date: 8/4/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-025
To: All MSI Wholesale Partners
Re: Multiple Topics
- Illinois POA Reminder.
- MSI Reminder - Clarifying Amendments to RESPA
- Suspension of RMIC as an approved Mortgage Insurer.
- Essent - Newly Approved MI Company.
- Reminder- Appraisal requirements for purchase of short sale properties.
- Revision to USDA Condo/PUD restrictions.
Issue Date: 7/28/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-024
To: All MSI Wholesale Partners
Re: Multiple Topics
- Underwriting Changes for Delegated Underwriters.
- FHA Clarification- Included Debts to Qualify.
- Restrictions for refinance loans where the Seller is the current holder of the mortgage.
- NMLS (S.A.F.E. Act) Reminders and clarification.
- Documentation Reminder- Intent to Proceed.
- Unacceptable Title Agent.
- Higher Priced Mortgage Loans - Addition of Home Path® and LP Relief Refinances.
Issue Date: 7/21/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-023
To: All MSI Wholesale Partners
Re: Multiple Topics
- Reminder regarding the new DU Release 8.3.
- Clarification of “total household income” for USDA loans.
- News of a Product Suite “clean-up”.
- Wholesale Fee Changes.
Issue Date: 7/15/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-022
To: All MSI Wholesale Partners
Re: Multiple Topics
- Underwriting Clarifications.
- Changes to MSI Condo/Attached PUD restrictions for standard conforming loan amounts.
- Reminders regarding Temporary High Balance Limits.
- Reminders regarding the upcoming Uniform Mortgage Data Program (UMDP).
- Reminders regarding the S.A.F.E. Act and federally regulated lenders.
- Change to minimum FICO for Conforming FRM, owner-occupied.
Issue Date: 7/8/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-021
To: All MSI Wholesale Partners
Re: Underwriting Clarifications, Pricing Policy Revisions
- Underwriting Clarifications - Seller Carried Second Mortgages.
- MSI Pricing Policy Revisions
Issue Date: 6/10/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-020
To: All MSI Wholesale Partners
Re: CPM Instructions and Other Topics
- Instructions for requesting CPM Condo approval through MSI.
- Conforming High Balance Investment Property.
Issue Date: 6/3/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-019
To: All MSI Wholesale Partners
Re: Underwriting Enhancements and Other Topics
- Expansion of the FHA High Balance Product.
- Enhancements to MSI Underwriting Overlays.
- Reminders and requirements regarding the accuracy of the AUS data.
- Clarification for properties with a Conforming-Legal Non-Conforming Use.
- Elimination of Third Party Contract Underwriting.
- Lender Paid Compensation - Third Party Processing Charges Not Permitted.
- Clarifications to the Tax Payment 60-Day Rule.
Issue Date: 5/26/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-018
To: All MSI Wholesale Partners
Re: Multiple Topics
- Clarifications to MSI VA High Balance purchase transaction.
- Revision to Conventional Rural Properties Guidelines.
- Clarification for HO-6 condo coverage.
- Clarifications for Fannie Mae Red Flag messages or Freddie Mac HVE messages.
- Some reminders/clarifications regarding FHA Sponsored Originators.
- Reminder that MSI will be closed on Monday, 5/30/11 to observe the Memorial Day Holiday.
Issue Date: 5/19/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-017
To: All MSI Wholesale Partners
Re: Multiple Topics and Important Reminders
- Clarification for “ending” dates for High Balance.
- Implementation of DU Refi Plus for High Balance loans.
- An increase in the MSI price cap for all products.
- Clarification for Attached PUDs and implementation of a new MSI Attached PUD Certification form.
- Reminder of the deadline for the NMLS Registry for Federally Regulated originators.
- A link for a RESPA Update to remind Sellers.
- Clarification for Rental Income for HomePath® mortgages.
- The ability for Brokers with branches to establish different LO Compensation Pricing Agreements.
- Discussion of the actions accepted by MSI for curing material errors in TILs.
Issue Date: 5/18/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-016
To: All MSI Wholesale Partners
Re: Security Update - Protecting Your Private Information with Email Encryption
- This communication announces MSI’s Email Encryption Policy and Process.
Effective with the start of business on May 25, 2011, emails containing confidential data between MSI and you will be encrypted. You may receive secure e-mail via the following method:
- ZixPort
- You will be asked to click on a link in the email, which will connect you to our secure message center.
- There you will register your own personal private password to retrieve and reply to our secure messages.
Issue Date: 5/12/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-015
To: All MSI Wholesale Partners
Re: HomePath®; FHA Streamline Enhancements; Modified
Mortgage Revisions and Other Topics
- Implementation of the Fannie Mae HomePath® product.
- Announcement of an MSI enhancement to our FHA Streamline Overlays.
- Radical revisions to our Modified Mortgage guidelines.
- A reminder regarding the dates for Tax Transcripts now that we are past
4/15/11.
- Clarification and/or revision of Underwriting Requirements.
- Decrease in the minimum FICO requirement for LPMI loans.
Issue Date: 5/6/2011
Effective Date: As Noted
Wholesale Mortgage Lenders Announcement #: WPA-2011-014
To: All MSI Wholesale Partners
Re: Modified Mortgage Requirements, VA High Balance and other Topics
- Important Reminders
- Specific guidelines for loans modified to provide payment assistance.
- 1008 Requirements - Method of Income Calculation
- Conforming Product Suite updates for Product Codes.
- Addition of VA High Balance loans.
- USDA guideline clarifications and changes.
Issue Date: 4/14/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-013
To: All MSI Wholesale Partners
Re: Multiple Topics
- Provides an additional requirement for loans with Lender Paid Compensation.
- Provides a reminder regarding the anticipated end date for Temporary Loan Limits (High Balance).
- Revisions/Clarification to guidelines for multi-unit properties.
- Announces corrections to the Government Product Suite.
Issue Date: 4/1/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-012
To: All MSI Wholesale Partners
Re: LO Compensation Delayed by US Court of Appeals
- This communication announces the delay of the TILA LO Compensation Rules.
Issue Date: 3/31/2011
Effective Date: As Noted
Wholesale Mortgage Lending Announcement #: WPA-2011-011
To: All MSI Wholesale Partners
Re: Multiple Topics
- Provides a link (and reminder) of MSI’s new pricing engine and the LO Compensation Requirements.
- Provides a clarification for re-submission “rules” for LP.
- Provides a notice that the Disclosure Request and the Doc Request Form have been updated to accommodate LO Compensation requirements.
- Announces that MSI requires that all USDA appraisals meet the FHA Appraisal Independence requirements.
Issue Date: 3/25/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-010
To: All MSI Wholesale Partners
Re: LO Compensation and other Multiple Topics
- Announces an updated/clarified Effective Date for compliance with the Loan Officer Compensation requirements.
- Provides important dates and reminders.
- Provides revisions for Wholesale Pricing.
- Announces for Conventional Loans the removal of the acceptability of the Fannie Mae Condo Approval.
- Announces the change in the Government ARM Margin and reminders.
- Clarifies the Closing Protection Letter (insurance) Fee and APR.
Issue Date: 3/15/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-009
To: All MSI Wholesale Partners
Re: Loan Officer Compensation
- This communication outlines MSI requirements to ensure compliance with the new amendments to Regulation Z related to Loan Officer Compensation.
Issue Date: 3/10/2011
Effective Date: As Noted
Wholesale Mortgage Lender Announcement #: WPA-2011-008
To: All MSI Wholesale Partners
Re: MSI Overlays for FHA; USDA Changes and Other Topics
- Clarifies the FHA Guidance changes and imposes MSI Overlays.
- Revises the MSI Minimum FICO for 5/1 Streamline ARM loans.
- Addresses recent USDA Announcements.
- Provides additional clarification for documentation requirements for
Conventional Self-Employed Borrowers.
Issue Date: 3/3/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-007
To: All MSI Wholesale Partners
Re: FHA New Guidance and Other Topics
- Corrects the effective date for the AVM requirement for FHA Streamline Refinances.
- Addresses the new guidance in FHA Mortgagee Letter 11-11.
- Clarifies MSI Reserve Requirements for Investment Properties.
- Provide Underwriting Reminders.
Issue Date: 2/24/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-006
To: All MSI Wholesale Partners
Re: FHA Changes and Other Topics
- Adds an MSI overlay to FHA Streamline Refinances.
- Addresses the FHA Mortgagee Letters 11-10 and 11-11.
- Clarification for Trusts and POA’s.
- Clarification for Eligible Borrowers.
- Revises MSI Reserve Requirements.
Issue Date: 2/17/2011
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2011-005
To: All MSI Wholesale Partners
Re: Multiple Topics
- Announces
- Revision to refinance guidelines, verification of funds.
- Revised MSI Document Preparation Form and updated procedures.
- Issues
- Reminder that MSI will be closed for business on Monday, 2/21/11 to observe President’s Day.
- Reminders regarding the NMLS requirements.
- Clarifies
- No Cash Out Seasoning requirement.
- MSI Verbal Verification of Employment timing requirements.
Issue Date: 2/10/2011
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2011-004
To: All MSI Wholesale Partners
Re: Multiple Topics
- Announces
- A change in the age of appraisals for our Conventional High Balance loans.
- A temporary ban on loans with Temporary Buy Downs.
- A change in our extension policy.
- A change to our No Cash Out Refinance Seasoning.
- A change in the eligible borrowers for MSI Freddie Mac Relief Refinance.
- Provides a Reminder
- Regarding the Reg Z and MDIA changes for 1/31/2011.
- For FHA Sponsored Originators (SO).
- Clarifies
- MSI policy regarding Escrow (Completion) Holdbacks and roofs.
- MSI “No Lender Cert” policy.
- MSI “No Builder Bailout” policy.
Issue Date: 1/27/2011
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2011-003
To: All MSI Wholesale Partners
Re: Various Important Reminders and Clarifications
- Important 4506-T and Tax Transcripts Reminders.
- Clarifies:
- MSI’s required Seller Warranties regarding “environmental issues and other hazards”.
- MSI guidelines regarding Reserve Requirements.
- Revises the language “HVCC” to Appraisal Independence Requirements (AIR) per Fannie Mae and Freddie Mac.
- Correction/Clarifications:
- MSI Escrow Waiver Policy.
Issue Date: 1/13/2011
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2011-002
To: All MSI Wholesale Partners
Re: Conventional FICO; Reminder HUD Anti-Flipping; Contract Underwriters
- Reminds Sellers that MSI is closed for Martin Luther King Day.
- Announces the new MSI Minimum FICO for conventional loans.
- Reminds Sellers that MSI has eliminated the HUD Temporary Anti-Flipping Guidelines and provides deadlines.
- Clarifies/Corrects the only Contract Underwriting Companies acceptable to MSI for Sellers that do not have Delegated Underwriting Authority.
Issue Date: 1/6/2011
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2011-001
To: All MSI Wholesale Partners
Re: Regulatory Reminders and Various Topics
- Regulatory Reminders:
- S.A.F.E. Act reminders and MSI process to ensure compliance.
- Risk Based Pricing Rules.
- New TIL Form Requirements.
- Clarifications/reminders regarding:
- Inclusion of Good Faith Estimate Forms in the loan delivery file.
- High Balance loans.
- Energy Efficient Mortgage (EEM) loans.
- The FHA program changes.
- CLTV/TLTV calculations.
2010 Wholesale Lenders Announcements
Issue Date: 12/23/2010
Effective Date: As Noted
Special Wholesale Lenders
Statement
To: All MSI Wholesale Partners
Re: Special Edition Statement
In response to FHA’s recently issued “Special Edition Statement,” from The FHA Housing Commissioner, David Stevens, Mortgage Services III, LLC will likewise, extend two important deadlines, contemplated in Mortgagee Letter 2010-20.
- FHA “Loan Correspondents” with case assignments issued in 2010 now have until 3-31-2011 to close/disburse those FHA loans, provided that MSI has fully approved (credit profile/AUS and FHA appraisal) by 12-30-2010.
- MSI customers who currently enjoy an “Authorized Agency” relationship may proceed transacting their FHA production with MSI as they have heretofore until 6-30-2011. FHA has announced a new deadline of 7-1-2011, for “Principals” to obtain their “Unconditional Direct Endorsement” approval.
Mortgage Services III, LLC would like to thank its valued customers for a successful 2010. We look forward to a prosperous 2011.
Issue Date: 12/17/2010
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2010-040
To: All MSI Wholesale Partners
Re: GFE and TIL Process; Revised Forms and More Underwriting Clarifications and Year-End Timing
- A new requirement (procedure) for Sellers that are MSI FHA Sponsored Originators and a new Disclosure Request Form.
- Copies of the revised FHA Case Number Request Form and the VA CAIVRS Request Form.
- More Underwriting Clarifications (‘tis the season).
- Reminders regarding end of year timing.
Issue Date: 12/09/2010
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2010-039
To: All MSI Wholesale Partners
Re: FHA and Conventional Underwriting Clarifications -New Deadlines for FHA Loan Program Changes
- Deadlines for the use of Fannie Mae DU Version 8.1.
- A summary of clarifications for Conventional Underwriting.
- A MSI overlay to correct an FHA Streamline issue.
- New deadlines for the FHA Program Changes
Issue Date: 12/03/2010
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2010-038
To: All MSI Wholesale Partners
Re: USDA Rural Development Clarifications and Revised Form
- A summary of clarifications from AN 4543
- Revised USDA Rural Development 1980-21 Form
Issue Date: 12/02/2010
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2010-037
To: All MSI Wholesale Partners
Re: FHA Changes to Loan Correspondents
While it is possible that HUD may soon announce further changes to its impending sponsorship revisions, the information herein addresses relative procedures and deadlines as they currently stand. We will follow with any updates if and when they become available and/or become necessary to facilitate a smooth transition to the new FHA loan program changes.
This communication announces the following:
- MSI summary of FHA Changes in their Loan Correspondent program.
Issue Date: 11/18/2010
Effective Date: As Noted
Wholeasle Lending Announcement #: WPA-2010-036
To: All MSI Wholesale Partners
Re: Multiple Changes for Underwriting; USDA New Minimum FICO
- A reminder about the Thanksgiving holiday closing schedule.
- A summary of underwriting changes, see the matrix for details.
- FHA Property Flipping Waiver-discontinued.
- Reminder regarding VA loans and Power of Attorney.
- USDA has instituted a new minimum FICO—640 and other changes.
Issue Date: 11/10/2010
Effective Date: As Noted
Wholesale Lenders Announcement #: WPA-2010-035
To: All MSI Wholesale Partners
Re: USDA & Veterans Day
- A reminder that MSI is closed on Thursday, 11/11/10 to observe Veteran’s Day.
- A summary of USDA Rural Housing changes.
Issue Date: 11/3/2010
Effective Date: As Noted
Wholesale Lending Announcement #: WPA-2010-034
To: All MSI Wholesale Partners
Re: Inquiries and Other Topics
- A revision to effective date for 120-day inquiries.
- An additional guideline for conversion of principal residence for LP loans.
- An update for the use of the 2075 Appraisal Form.
- A reminder regarding MSI new AMC Partnerships.
- MSI interpretation for FHA and VA “Projected Obligations”.
- A revision to the Disaster Policy.
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