Sentences with phrase «loan rules recognize»

FHA loan rules recognize these issues and addresses some (not all) of them in the FHA loan handbook to avoid confusion about what the borrower is required to do and cases where FHA loans are not allowed because of restrictions on the borrower's ability to sell the home.

Not exact matches

After all, given that the accounting rules allow risky loans to recognize credit margins as paid, in the short run it always pays to write risky loans, until illiquidity kills the lender.

However, the amended rule recognizes the logistical difficulties a same - day requirement would present to creditors, including possible restrictions as to when a borrower would be able to lock a loan so as to allow sufficient time in the day to provide revised disclosures.

Recognizing that consumers may work more closely with a mortgage broker, under the final rule and similar to the current rules, either a mortgage broker or creditor is required to provide the Loan Estimate form upon receipt of an application by a mortgage broker.