SS Memos 2014 Summary

14-07

  • Renovation Options – New Selling Guide Section (Section 7010)
  • Mortgage Voucher for Loans Purchased Updated (Form PUR-1) and Seasoned Loan Purchase Voucher (PUR-1a)

 14-06

  • Second Mortgage Program
  • Appraisals and Marketable Titles – Community Land Trust

14-05

  • Detached Properties – Expanded Acceptance
  • Home Inspections – New Requirements for IRRLIB and AHELP
  • Non-Conforming II – Documentation Requirements
  • On-Site Private Utilities – Clarification
  • Uniform Instruments – Required Changes

14-04

  • Income Limits

14-03

  • Tax-Exempt Program Acquisition Cost Limits
  • Income Limits
  • Multi-Family and Special Needs Program Annual Inspection Requirement
  • Assistance Provider Interest Rate Reduction (APIRR)

14-02

  • Minimum Down Payment, Reserves, and Gift Funds
  • Economic Analysis for Rural Non-Owner Occupied Loans
  • Remittance of Complete Presale and Deed-in-Lieu of Foreclosure Packages

14-01

  • Closing Cost Assistance Program (CCAP)
  • Lender Questions and/or Assistance
  • Documentation for Wastewater Systems
  • Borrower’s Notice of Potential Energy Efficiency Rate Reduction, UND-10
  • Minimum BEES Standard