Category Archives: fha lending

Topdot Mortgage Has FHA Approval Withdrawn

Breaking News On TopDot Mortgage   Lender faulted for gross violations of FHA underwriting standards (7thSpace.com) WASHINGTON – “The Federal Housing Administration’s Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage. Today’s action prevents TopDot from participating […]

New FHA Guidelines

Tighter lending requirements for loans insured by the Federal Housing Administration may leave some borrowers unable to get mortgages, but economists are divided on the impact they could have on housing’s recovery. The changes, aimed at strengthening the FHA‘s reserves in the face of rising foreclosures, shouldn’t hurt too many borrowers, officials say. “We don’t expect this to […]