• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Seisin Realty Group, Inc.

Seisin Realty Group

  • Search
  • Sell
    • Selling your home
    • Why use Seisin Realty Group
  • Property Management
    • Rental Application Requirements
  • Rent
  • Real Estate News
  • Login
  • Facebook
  • Twitter
Contact Us

FHA delays collection account rule until July 1st

You are here: Home / Real Estate News / FHA delays collection account rule until July 1st

April 9, 2012 by David Garrett

The Federal Housing Administration has delayed a rule that would have stopped home buyers from getting a government-backed mortgage if they had ongoing credit disputes over $1,000.

The new rule started April 1, but the federal agency on Friday delayed the rule to July 1, an FHA spokesman said. The agency will also seek public comments from builders, lenders and others in the real estate and mortgage industries before July.  Under the new rule, buyers with collection accounts will either have to pay off the debt or enter into a documented payment plan. Buyers will also have to show that three payments have been made toward the debt. Before the rule, an underwriter could determine whether the collection accounts would impact the approval of a mortgage.

Real Estate News Fha loans collection accounts

Footer

Seisin Realty Group, Inc.

10300 Fourth Street #150
Rancho Cucamonga, Ca 91730
DRE LICENSE #01911957

Theresa - (909) 528-0843

theresa@seisinrgi.com

Company

  • PROPERTY MANAGEMENT SERVICES

Sitemap

  • Home
  • Search
  • Contact Us
Best Property Managers in Rancho Cucamonga

Seisin Realty Group, Inc.  DRE License #01911957 Return to top