File Review Status
Updated 4/23/14, 9am
Approx # of Files in Line for Comp Review
Date Compliance Underwriters are Working
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!
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.
Updated Targeted Area Census Tracts
Revisions to FHA-Mod/HAMP Loan Modification Program
CalHFA to Allow Manual Underwriting for FHA loans
Dates for the March Lender Training have been posted.
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.
|Thursday - April 10||9:00 AM - 1:00 PM||Register for San Diego|
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
|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
|CalHFA MCC Training||www.ehousingpl.us/calhfamcc2012|