SS Memo 06-06
SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
Date: June 09, 2006
Loan Purchase Funding
Effective July 6, 2006, AHFC will begin funding mortgage loan purchases by ACH deposit, replacing the existing system of payment via wire transfer. A request for confirmation of routing numbers and account numbers has been sent to each of AHFC's originating lenders. Daily loan purchase funding will be temporarily suspended while the new ACH process is phased in. The final date for loans purchased and funded via wire will be Friday, June 30, 2006. Funding will resume Thursday, July 6, 2006, with payment being made via ACH deposit.