Legislation (h)(2) could end up being revised in order to clarify measures to have yourself underwritten money
Brand new Service as well as proposes to amend (c) and you may include paragraphs (c)(1) and you can (2) to spell it out both variety of loans who remain by hand underwritten. First, mortgage circumstances not supported by the new automatic origination program, such as for example streamlined-assist re-finance purchases, must be yourself underwritten and you can recorded through safer email or any other electronic function approved by the Agency. (more…)