Two new mortgagee letters came out today Mortgagee Letter 2010-02 (Increased FHA insurance) and Mortgagee Letter 2010-03 (Mortgage Approval for Single Family Programs - Extended Procedures for Terminating Underwriting Authority)
What is happening today in mortgage lending: Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com
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Interesting stuff about HUD.
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan.
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