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FHA Makes “Economic Event” an “Extenuating Circumstance” and It’s About Time!

By Karen Deis FHA Makes “Economic Event” an “Extenuating Circumstance” By: Tracey Rumsey, Staff Underwriter & Karen Deis, Publisher, www.MortgageCurrentcy.com Well, it took 6 years – but FHA has decided that a job loss or decrease in income can now be considered an “extenuating circumstance,” which means additional business for you. It’s great news for borrowers – […]

Source:: http://lenderama.com/2013/09/23/fha-makes-economic-event-an-extenuating-circumstance-and-its-about-time/

 

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