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File Review Status

Updated 4/18/14, 9am

Item Detail

Approx # of Files in Line for Comp Review

45

Date Compliance Underwriters are Working

Apr. 15
News & Updates

Bulletin 2014-07
Revisions to the CHDAP program

Did You Know?
Lenders receive a 1% Service Release Premium in addition to the origination fee on all CalHFA first mortgages!

Bulletin 2014-06
New Maximum DTI Ratio

ECTP Rate Reduction
Beginning March 17, 2014, the ECTP starting interest rate will be reduced from 5% to 3%. The interest rate will then decrease by 1% each year that the eligible borrower works in the high priority school. Once they've worked three years in the school, the interest will be forgiven.

Bulletin 2014-05
Updated Targeted Area Census Tracts

Bulletin 2014-04
Revisions to FHA-Mod/HAMP Loan Modification Program

Bulletin 2014-03
CalHFA to Allow Manual Underwriting for FHA loans

March Training
Dates for the March Lender Training have been posted.

CalHFA Training

ONSITE TRAINING (In-Person)

TOPIC: CalHFA Lender Training

This in-person seminar will include training on all CalHFA programs, borrower and property eligibility, processing, federal tax law, documentation and income calculations.
Highly Recommended for*: Loan Officers, Originators, Processors, Underwriters
Useful for: Real Estate Professionals
*We will accept attendance requests from nonprofit agencies whose main focus is affordable housing.

Date
Time
Location
Thursday - April 10 9:00 AM - 1:00 PM Register for San Diego
Thursday - April 24 9:00 AM - 1:00 PM Register for Modesto
       

WEBINAR TRAINING

TOPIC: Various Topics

The following webinars cover training on CalHFA’s new programs, program eligibility and post-closing.
Highly Recommended for: Loan Officers, Realtors
Useful for: Processors, Underwriters and Real Estate Professionals

Date
Time
Topic
Registration Link
Wednesday - April 9 10:00 AM - 11:00 AM  Program Overview https://www2.gotomeeting.com/register/543819746
Tuesday - April 15 10:00 AM - 11:00 AM  Program Overview https://www2.gotomeeting.com/register/652894914
       
Thursday - April 10 10:00 AM - 11:00 AM  Program Eligibility https://www2.gotomeeting.com/register/683522722
Thursday - April 17 10:00 AM - 11:00 AM  Program Eligibility https://www2.gotomeeting.com/register/710038258

TOPIC: CalHFA MCC Tax Credit Program Training

This mandatory training is available to eligible MCC participating lenders through CalHFA’s program administrator, eHousingPlus.  MCC participating lenders may sign up for training through the eHousingPlus web site at www.ehousingpl.us/calhfamcc2012
Highly Recommended for: Loan Officers, Underwriters
Useful for: Processors and other mortgage professionals

eHousing Training Site Link
CalHFA MCC Training www.ehousingpl.us/calhfamcc2012

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