2010-04-27 — housingwire.com
"New restrictions from the US Department of Housing and Urban Development (HUD) would “wreak havoc†on small business trying to provide Federal Housing Administration (FHA) loans, according to the law firm K&L Gates."
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mortgagemess at 18:05 2010-04-28 said:
"Loan correspondents that do no seek FHA approval can continue to originate FHA-insured loans as third-party originators (TPOs) if they are sponsored by and work with an approved lender, according to K&L Gates" That pretty much sums it up..so you are not out of the picture if you are sponsored.. Permalinkadd a comment | go to forum thread
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