Re-written Rule Changes: FHA-MIP, Non-Occupant Co-Borrowers, Non-Traditional Credit (Reference Charts Included)

ACKKK! The whole thing is so HUD-like. Let me explain. In the current ML (2008-22), HUD rescinds the entire ML 2008-16. Then, they "retain and reiterate" (give back) most of the same rules, yet there are quite a few technical differences. And we ALL know how technicalities make or break loans!

(FHA Mortgagee Letter 2008-22, September 4, 2008)

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