FHA Annual MIP Reduction Suspended

On January 20, 2017, HUD released Mortgagee Letter 2017-07 officially suspending the Mortgagee Letter 2017-01 from January 9, 2017, which reduced the annual MIP on all FHA Title II forward mortgages based on a trigger date of January 27, 2017. Therefore, annual MIP will remain as previously cited by Mortgagee Letter 2015-01. Please touch base with investors, on whether or not they will require a Change in Circumstance for any Loan Estimates disclosed at the lower annual amount.

https://portal.hud.gov/hudportal/documents/huddoc?id=17-07ml.pdf




Shannon Phillips Announcement

We are excited and so pleased to announce that attorney, Shannon Phillips, will be joining our firm in February. Shannon is an icon in community banking and for the last 9 years has been general counsel for IBAT (Independent Bankers Association of Texas). Before IBAT, Shannon was Assistant General Counsel and Director of Strategic Support at the Texas State Banking Department.

Shannon will be our point person in Austin and an integral part of our legal/compliance and client development teams.




Texas Attorney Review

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Is PPDocs preparing/reviewing all of my real estate documents? If you answered Yes, then you are covered!
I don't know if PPDocs is preparing/reviewing all of my real estate documents You could violating Texas Government Code Section 83.001!

Don't worry, PPDocs is here to help! Need some helpful information to send to your management? See our attorney write up here: Texas Attorney Review
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