The Federal Housing Administration once again is flagging risky loans for manual underwriting.
Since issuing a 2016 warning halting the automated underwriting of loans to borrowers with low credit scores and high debt-to-income ratios, the agency has seen a rise in loans with multiple risk factors.
Read on for more information on the FHA’s plan to update its Technology Open to Approved Lenders (TOTAL) Mortgage Scorecard, which established Review Rule 14.
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