Not to be confused with FHA’s much more complicated 203K program, a Limited 203K loan eliminates much of the paperwork and simplifies the process to obtain rehab funds. Dan Tharp, a mortgage loan officer at Guild Mortgage in Sacramento, believes first-time homebuyers should get all the help they can.
CFPB Servicing Regulation.. the CFPB is also responsible for examining mortgage lenders for compliance with these servicing rules and other laws and regulations pertaining to consumer financial services.. most recently in August 2016. These rules have extensive provisions governing loss. FHA Anti-Flipping Rules.