FHA/HUD Exemption Are Near Extinction

HUD Full Eagle States for Exemption

LICENSE EXEMPTIONS DUE TO STATUS AS: FULL EAGLE HUD Approved Non-supervised Mortgagees with Direct Endorsement Underwriting Authority

A. Exemption Registrations Texas - 1st Broker & Lender Registration -Requires HUD FULL EAGLE WITH Direct Endorsement B. Exemption Not Verifiable Hawaii - Broker & Lender NOT VERIFIABLE -State will not provide Written Confirmation Ohio - Broker & 1st Lender (Limited Exemption) NOT VERIFIABLE -Requires OH Direct Endorsement to be HUD Approval Area & limited to HUD underwriting criteria loans C. Exemptions Eliminated Missouri - Lender Registration RECENTLY ELIMINATED Oklahoma - Broker & 1st Lender RECENTLY ELIMINATED Alabama- RECENTLY ELIMINATED Indiana-ELIMINATED 7/1/08 Kentucky- Broker & Lender SEVERELY RESTRICTED -Effectively eliminated by new rule requiring HUD approval for 5 previous yrs. to qualify Mississippi- RECENTLY ELIMINATED Montana-1st Lender ELIMINATED -license required as of 10/1/08 Tennessee - HUD Registration RECENTLY ELIMINATED -200,000 Surety Bond Required Now

HUD Mini Eagle States for Exemption

LICENSE EXEMPTIONS DUE TO STATUS AS: MINI EAGLE HUD Approved Correspondent Lenders

A. Exemption SEVERELY RESTRICTED Kentucky- Broker SEVERELY RESTRICTED -Effectively eliminated by new rule requiring HUD approval for 5 previous yrs. to qualify B. Exemption Not Verifiable Hawaii - Broker & Lender NOT VERIFIABLE -State will not provide Written Confirmation C. Exemptions Eliminated Missouri - Broker- RECENTLY ELIMINATED Oklahoma - Broker RECENTLY ELIMINATED Alabama- RECENTLY ELIMINATED Indiana-ELIMINATED 7/1/08 Mississippi- RECENTLY ELIMINATED Tennessee - RECENTLY ELIMINATED -90,000 Surety Bond Required Now

Comments

[Andrew Symond]

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