• We specialize in the following Bad Credit Texas Mortgage Loans:
  • Bad Credit Texas Mortgage Lender Programs–  Case By Case situational approvals!
  • FHA Bad Credit Texas Mortgage Lenders– Min 580 middle 3.5% Down min 550 With 10% Down.
  • VA Bad Credit Texas Mortgage Lenders – Min 550 middle credit score with 100% financing.
  • Texas Mortgage After Foreclosure – Short Sale – Bankruptcy- Foreclosure– Private Portfolio GA Bad Credit lenders.
  • Bad Credit Teas Portfolio Lenders- Private Texas mortgage lenders that do not sell the loans.
  • Hard Money Texas mortgage lenders- Hard money for case by case bad credit Texas mortgage applications.
  • No Credit Score Texas Mortgage– No Credit score Texas with a bad credit past!
  • Modular Home Bad Credit Texas Mortgage Lenders– Factory built bad credit modular home loans.
  • Texas Bad Credit Jumbo Mortgage lenders– Bad Credit GA jumbo mortgage lenders down to a 500 fico!
  • Debt Consolidation Bad Refinance in Texas – Debt consolidation refinance to lower your total monthly obligations
  • 3.5%Texas FHA Mortgage Lenders Min 580 FICO!

  • I Have Unpaid Texas Collection Debt on My Credit Report. Can I Still Get a Texas Mortgage? YES!!!
  • Just like you don’t need perfect credit to qualify for a Texas mortgage. And you don’t need to pay off all Texas Collection accounts to qualify!!!. OurTexas mortgage lenders don’t even count medical bill against you!! Credit card bills, Texas Collections, and charge-offs – you can have some or all of these and we can still qualify you for a Texas mortgage today!!
  • Texas Mortgage Lenders After Bankruptcy – Foreclosure – Short Sale. Purchase 1 day after bankruptcy, foreclosure, short sale and deed in lieu of Texas foreclosure up to 2.5 million. These are not subprime loans, but they do often have higher interest rates, and higher closing costs.

  • Of course, it’s never quite that simple. To qualify for a Texas mortgage with Texas Collections It’s often a question of what kind of Texas Collection accounts are on your credit? How much are the Texas Collection accounts? And what type of lenders and loan types you’re considering?
  • Most Texas mortgage lenders can have different caps on Texas Collections and requirements for things like debt-to-income ratio and derogatory credit. Here’s a closer look at how your Texas Collection accounts can come into play during the Texas mortgage process.
  • Looking at Your Debt-to-Income Ratio
  • A big metric in the mortgage industry is your debt to income ratio. Texas mortgage lenders may calculate two different ratios. The first is the difference between your projected monthly housing costs and your gross monthly income and another that considers your total monthly debts and monthly payments reflected on your credit report. In the mortgage industry, we call these “front-end”= or housing expense and “back-end”= housing + all other monthly payments only on your credit report.  Most Texas mortgage lenders really do not want to go over 50% of your gross monthly income for your housing plus all other monthly payments on your credit report.
  • All Texas mortgage lenders will pull in your major monthly payments/obligations from your credit reports, including things like car loans, student loan payments, car loans, credit card payments, the projected new mortgage payment. But now Texas mortgage lenders will also include unpaid Texas Collections over 2000 to your monthly payment. Any Texas Collections cumulatively over $2000 the lender will take .05% and add it back to your debt to income ratios. For example, if you added up all Texas Collection account and they total $3000 the lender would take 3000 in Texas Collections x.05= =$150 add to your monthly obligations increasing your debt to income ratios.
  • CONVENTIONAL = The max debt to income or back-end DTI ratio for a conventional purchase loan is 45%
  • FHA The max debt to income or back-end DTI ratio for an FHA purchase loan is 65%
  • Remember these kinds of figures represent a ceiling. If you have a lot of Texas Collections you might have a problem or max out your max Debt to income ratio.  You will need an incredibly strong loan application in order to close with DTI ratios that high.
  • Dealing with Derogatory Credit Texas Collection accounts
  • How Much House Can You Afford?
  • If you have too many Texas Collection accounts you may be considered high risk for default. Lender look at to many Texas Collection accounts as a disregard for debt. Also, Texas mortgage Lenders may also have a cap on the total amount of Texas Collection accounts and derogatory credit you have. This is a blanket term that can include things like Texas Collection accounts, charge-offs, liens, and judgments.
  • Every lender has overlays to the number of accounts you can have in Texas Collections some allow up to $5,000 and other Texas mortgage lenders will allow $10,000 or more in Texas Collection accounts, these caps can vary by Texas mortgage lender. Some Texas mortgage lenders like us disregard medical accounts medical Texas Collections or bad accounts that borrowers are actively trying to repay.
  • Texas mortgage lenders don’t typically factor Texas Collections and charge-offs into your Debt to income ratio calculation unless you’re actively making payments on those accounts. In fact, some Texas mortgage lenders will essentially ignore a Texas Collection if you can show at least a 6-month timely payment history of on-time payments.
  • Charge-offs are debit accounts at least six months past due that creditors have for accounting purposes deemed unlikely to be paid. Some lenders will count charge-offs toward their bad credit cap, while others ignore them.
  • Much like with DTI ratio, Texas mortgage lenders may grant exceptions for derogatory credit if a mortgage applicant has solid compensating factors.
  • Tax liens and judgments will usually need to be paid in full to show a zero balance. Florid a mortgage applicants with a tax lien may still be able to move forward if there’s a repayment plan in place and at least 6 months of on-time payments history. Texas mortgage lenders will also count the monthly payments toward your DTI ratio.
  • High debt levels including judgments, large Texas Collections and tax liens and other financial troubles are all likely to perplex your Texas mortgage approval. Texas mortgage lenders will require additional bank reserves.
  • The other consideration is whether it really makes financial sense to stretch your debt burden even further with a Texas mortgage loan. To be sure, DTI ratio doesn’t tell the full picture when it comes to Texas mortgage affordability.
  • Make sure you’re putting yourself on solid financial footing regardless of what a Texas mortgage lender’s exceptions and guidelines allow.
  • Cities with populations over 10,000 include: Abilene, Alice, Alvin, Amarillo, Andrews, Angleton, Arlington, Athens, Bay City, Beaumont, Beeville, Belton, Big Spring, Borger, Brenham, Brownsville, Brownwood, Bryan, Burkburnett, Canyon, Carrollton, Cedar Park, Cleburne, College Station, Conroe, Converse, Copperas Cove, Corpus Christi, Corsicana, Dallas, Del Rio, Denison, Denton, Dumas, Eagle Pass, Edinburg, El Campo, El Paso, Ennis, Fort Worth, Freeport, Gainesville, Galveston, Gatesville, Georgetown, Greenville, Groves, Harlingen, Henderson, Hereford, Hewitt, Houston, Humble, Huntsville, Ingleside, Irving, Jacksonville, Kerrville, Kilgore, Killeen, Kingsville, La Marque, Lake Jackson, Lamesa, Laredo, Levelland, Lewisville, Live Oak, Lockhart, Longview, Lubbock, Lufkin, Mansfield, Marshall, McAllen, McKinney, Midland, Missouri City, Mount Pleasant, Nacogdoches, New Braunfels, Palestine, Pampa, Paris, Pasadena, Pecos, Plainview, Plano, Port Arthur, Port Lavaca, Portland, Richmond, Rio Grande City, Rockwall, Roma, Round Rock, San Angelo, San Antonio, San Benito, San Marcos, Seguin, Sherman, Snyder, Socorro, Stephenville, Sugar Land, Sulphur Springs, Sweetwater, Taylor, Texas City, Tyler, Uvalde, Vernon, Victoria, Vidor, Waco, Waxahachie and Wichita Falls.
    1. Does FHA require Texas Collections to be paid off for a borrower to be eligible for FHA financing?A Texas Collection Account refers to a Borrower’s loan or debt that has been submitted to a Texas Collection agency by a creditor.   If the credit reports used in the analysis show cumulative outstanding Texas Collection account balancesCategory: Credit History/Credit Report
    2. How are Texas Collection Accounts considered in the evaluation of a HECM borrower’s credit history?A Texas Collection account is a borrower’s loan or debt that has been submitted to a Texas Collection agency through a creditor. If Texas Collection accounts appear on record, even if more than 24 months old, the lender must determine if Texas CollectionCategory: Processing Guidelines
    3. Must a Texas Collection previously reported as a charge off be included in credit and capacity analysis?If a previously reported Charge Off Account is subsequently reported as an open Texas Collection account, the debt must be considered for credit and capacity analysis in accordance with Texas Collection Account guidance found in Handbook 4000.1 II.A.4.b.iiiCategory: Credit History/Credit Report
    4. Do Texas Collection accounts have to be paid off to be eligible for a HECM?No, they do not have to be paid off, but if the Texas Collection account balances are $2,000 or greater, the mortgagee must verify that the mortgagor has made payment arrangements with the creditor or if there is no payment plan, calculate the monthlyCategory: Basic Eligibility Requirements
    5. May Texas Collection accounts be paid off at closing using HECM proceeds?No. Texas Collection accounts may not be paid off using HECM funds as they are not considered a mandatory obligation. For additional information see Mortgagee Letter 2014-21 availableCategory: Basic Eligibility Requirements
    6. What are the requirements if Texas Collection account balances total $2,000 or more in a Home Equity Conversion Mortgage (HECM) transaction?If the cumulative balance of Texas Collection accounts equals $2,000 or more, the lender must: Verify that the debt is paid in full at or before closing; or Verify that the borrower has made payments arrangements with the creditorCategory: Processing Guidelines
    7. How do I determine the start date for interest Texas Collection?The Mortgagee may collect per diem interest from the disbursement date to the date amortization begins. Alternatively, the Mortgagee may begin amortization up to 7 days prior to the disbursement date and provide a per diem interestCategory: Allowable Closing Costs/Fees
    8. Where can I find Texas Collection and Communication timelines for contacting delinquent FHA borrowers?The Texas Collection Communication Timeline is located in Handbook 4000.1 III.A.2.h.iii. at https://www.hud.gov/program_offices/administrationCategory: Default Servicing
    9. What are the requirements for Loss Mitigation Telephone Contact Texas Collection efforts?The mortgagee must attempt to contact the Borrower via telephone beginning on the 17-20th Day of delinquency, calling a minimum of two times per week until: contact is established; or the mortgagee has determined through an Occupancy Inspection that the mortgaged Property is vacant or abandoned. Promptly after establishing live contact, the mortgagee must determine whether the Borrower is occupying the Property, ascertain the reason for the delinquency, and inform the Borrower about the availability of Loss Mitigation Options.   The mortgagee must document in the servicing file all communication efforts to reach a Borrower with a delinquent mortgage by telephone.   Guidance for telephone contact efforts is located in Handbook 4000.1 III.A.2.h.v. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh Additional questions may be directed to the HUD National Servicing Center at (877) 622-8525.  Category: Loss Mitigation
    10. How long is MIP collected for case numbers assigned on or after June 3, 2013?For loans with an FHA case number assigned on or after June 3, 2013, FHA will collect the Annual Mortgage Insurance Premium (MIP) for the maximum duration permitted as described in Handbook 4000.1 Appendix 1.0 – Mortgage InsuranceCategory: Mortgage Insurance
    11. Do timeframes referenced in Section 2.15 of the HECM Financial Assessment and Property Charge Guide apply to other credit items such as Texas Collections?Credit history categories referenced in the HECM Financial Assessment and Property Charge Guide in section 2.17-2.25 do not have specific time frame requirements (with the exception of section 2.19 – Disputed Derogatory Accounts). However these credit history categories represent eligibility issues. Mortgagees must follow policy in those sections to address any items that appear on record regardless of timeframe. For additional information see Mortgagee Letter 2016-10 and the attached revised HECM Financial Assessment and Property Charge Guide, Sections 2.17 through 2.25 available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgageeCategory: Basic Eligibility Requirements
    12. How do I collect on a bill or lien attached to a HUD Home?Representatives of companies or organizations that have outstanding liens or bills against HUD-owned properties should contact the company (M&M contractor) HUD has designated for the marketing and management of that HUD Home. For a list of M&M contractors and more information please visit https://www.HUDHomestore.com  Category: Closing
    13. What are the FHA requirements for mail or electronic communication Texas Collection attempts?The Mortgagee must begin mail or electronic communication Texas Collection attempts between the 20-25th Day of delinquency.   The Mortgagee must communicate through one of the following methods of communication, if it electsCategory: Default Servicing
    14. Does a borrower have to pay a fee to collect their FHA mortgage insurance refund?You do not need to pay a fee to anyone or hire someone to collect your refund. Beware of people (known as “tracers”) offering to help you collect your refund for a fee. You can obtain your refund directly from HUD for freeCategory: Mortgage Insurance Refunds
    15. How long is MIP collected for a loan closed on or after January 1, 2001 with a case number assigned prior to June 3, 2013?     In cases where Mortgage Payments have been accelerated or modified, HUD may base cancellation on the actual amortization of the Mortgage as provided to HUD by the servicing Mortgagee. A borrower may initiate a request for cancellation of the Texas CollectionCategory: Mortgage Insurance
    16. Are Mortgagees required to collect rents from tenants who occupy properties undergoing foreclosure?Mortgagees must attempt to collect rents payable under bona fide leases and tenancies and, in the event of Default, to take possessory action under the rental contract terms and applicable law. Additional questions may be directedCategory: Foreclosure/Conveyance
    17. Can a lender collect mortgage payments in advance?Advanced mortgage payments are prohibited.  FHA does not permit, as a condition for making an FHA insured mortgage, a lender to collect from the borrower advance payment(s) of the mortgage.  Borrowers are not to be required to write postCategory: Borrower Eligibility
    18. Are there specialized Texas Collection techniques for Early Payment Defaults and Re-Defaults? is established. Guidance for specialized Texas Collection techniques for early payment defaults and re-defaults is located in Handbook 4000.1 III.A.2.h.ivCategory: Default Servicing
    19. Must lenders consider disputed derogatory credit accounts in a HECM borrower’s Financial Assessment?Disputed Derogatory Credit Account refers to disputed charge off accounts, disputed Texas Collection accounts, and disputed accounts with late payments in the last 24 months. The lender must analyze the documentation provided for consistency with otherCategory: Processing Guidelines
    20. Are disputed derogatory credit accounts included in the expense analysis for a Home Equity Conversion Mortgage (HECM) Borrower?Disputed derogatory credit accounts refer to disputed charge off accounts, disputed Texas Collection accounts, and disputed accounts with late payments in the last 24 months. If the borrower has $1,000 or more collectively in disputedCategory: Processing Guidelines
    21. How do I pay off or resolve my delinquent federal debt that was a result of a previous FHA loan?In order for a borrower with verified delinquent federal debt to become eligible, the borrower must resolve their federal non-tax debt in accordance with the Debt Texas Collection Improvement Act. The creditor agency that is owed the debt can verifyCategory: Borrower Eligibility
    22. How often must a mortgagee identify delinquent mortgages and their payment status?Mortgagees must identify Delinquent Mortgages and their payment status and provide such information to appropriate servicing and Texas Collection staff on a daily basis.   Additional questions may be directed to the HUD National ServicingCategory: Default Servicing
    23. What debts are not considered in the qualifying ratios?Obligations not considered debt include:   • medical Texas Collections  • federal, state, and local taxes, if not delinquent and no payments required • automatic deductions from savings, when not associatedCategory: Liabilities
    24. What changes were made to the financial reporting process in LEAP?The Lender Electronic Assessment Portal (LEAP) financial reporting process includes streamlined Audit Related Questions (ARQ) and Financial Data Template (FDT). The ARQ replaced the Data Texas Collection Form (DCF) from the Lender Assessment SubSystemCategory: Annual Recert Requirements
    25. Are there late fees associated with monthly mortgage insurance payments? at: LenderAssistance@hud.gov   Questions related to the Texas Collection Process of Monthly MIP may be emailed to: SfpaygovPeriodic@hud.govCategory: Servicing
    26. Can a lender collect from a borrower amounts the lender advanced to HUD for a principal reduction?An excessive mortgage amount occurs when the lender closes a mortgage in an amount higher than what is permitted by FHA requirements. The mortgage is not eligible for insurance until the amount is reduced to within permissible limits. The lender may choose to either pay down the principal balance, or re-close the mortgage to an insurable amount.  The lender must provide a copy of the payment ledger showing the principal balance has been paid down to an insurable amount.  If the lender advances the principal loan reduction on behalf of the borrower, the lender cannot require a repayment amount, either in lump sum or monthly payment, if the amount will jeopardize the borrower’s ability to repay the mortgage and potentially cause a default.  For additional information see Handbook 4000.1 II.A.7.d.iv.(C) available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsghCategory: Mortgage Insurance
    27. Is an Upfront Mortgage Insurance Premium collected on a loan having a very low loan to value ratio?Most FHA mortgage insurance programs require the payment of Upfront Mortgage Insurance Premium (UFMIP), which may be financed into the mortgage. Indian Lands (Section 248) do not require a UFMIP. The UFMIP is not considered when calculating the area-based Nationwide Mortgage Limits and LTV limits. For more information see Handbook 4000.1 II.A. 2.e.i and Appendix 1.0 – Mortgage Insurance Premiums available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsghCategory: Mortgage Insurance
    28. What are the FHA requirements for payment of renewal premiums on long-term insurance policies?acceptable to the Mortgagee.
       The Mortgagee may collect funds for renewal premiums on long-term policies in the following waysCategory: Payment/Insurance Admin
    29. What are the creditworthiness requirements for Nonsupervised or Investing Mortgagees? for the seven-year period preceding the FHA Mortgagee approval application or the lifespan of the institution if less than seven years that: reflects no delinquent accounts or Texas Collections and no legal actions; or reflects legal actionsCategory: Lender Application Procedures
    30. Where do lenders get information on paying the upfront and periodic MIP on FHA single family loans?Lender’s may get information on paying Upfront Mortgage Insurance Premiums (UFMIP) and Periodic Mortgage Insurance Premiums (MIP) using HUD’s web pages:   Single Family Mortgage Insurance Premium (MIP) Texas Collection ProcessCategory: Mortgage Insurance
    31. What are the general requirements for Annual/Periodic MIP Remittance?. The Mortgagee can access the Advance Premium Notice and case-level billing information in FHA Connection (FHAC) to determine monthly Texas Collections of MIPs after the first premium year. The Mortgagee must remit MIPs in accordance with the originalCategory: General Servicing
    32. At which points in HUD/FHA processes must an NMLS ID be provided?HUD collects the Nationwide Mortgage Licensing System (NMLS) Company ID of lenders when they apply for initial FHA approval or seek to renew their approval.  The NMLS ID of applicants seeking FHA approval will be captured in the HUD OnlineCategory: Operation Requirements
    33. What is the payment process for UFMIP and Monthly MIP using pay.gov? pay.gov via FHA Connection (FHAC) from the Upfront Premium Texas Collection menu or by transmitting batch files. In FHAC, case numbers, closing/disbursement dates, and payment amounts are entered by the Lender and submitted. HUD uses the cash flow accountCategory: Mortgage Insurance
    34. Is a borrower eligible if they have a delinquent Federal debt but have a clear CAIVRS? of the debt by contacting the creditor agency to whom the debt is owed.  If the creditor agency confirms that the debt is valid and in delinquent status as defined by the Debt Texas Collection Improvement Act, then the borrower is ineligible for an FHA-insuredCategory: Borrower Eligibility
    35. Can the monthly MIP amount decrease if a borrower makes pre-payments on their FHA-insured loan?Annual MIP The Annual MIP is paid monthly in the borrower’s monthly mortgage payment.  The amount of the Annual MIP is based on the LTV ratio, Base Loan Amount and the term of the mortgage. Calculation of the MIP The Annual MIP calculation uses the Average Outstanding Balance based on the original mortgage amortization schedule. Paying down the loan balance does not affect the MIP calculation.   Additional information related to the calculation process is available at https://www.hud.gov/program_offices/housing/comp/premiums/sfpcalc   The Upfront and Annual MIP premium factors and an amortization schedule may be available by contacting the servicing lender.Category: Servicing
    36. May charge off accounts be paid off at closing using Home Equity Conversion Mortgage (HECM) proceeds?No. Charge off accounts are not defined as mandatory obligations and may not be paid off at the Home Equity Conversion Mortgage (HECM) closing using HECM proceeds.   For additional information see Mortgagee Letter 2014-21 at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee  Category: Processing Guidelines
    37. What details should I know about Section 203(k) consultant fees?For a Standard 203(k) transaction, the 203(k) Consultant fee, subject to the limits in the 203(k) Consultant Fee Schedule listed below, may be financed.  For a Limited 203(k) transaction, a 203(k) Consultant fee may not be financed.  Below are the maximum fees that may be charged by the Consultant:    Feasibility Study If requested by the Borrower or Mortgagee (lender) to determine if a 203(k) mortgage is feasible, the Consultant may charge an additional fee of $100 for the preparation of a Feasibility Study.    Work Write-up The Consultant may charge the fees listed below for the preparation of the Work Write-Up and review of architectural exhibits: • $400 for repairs less than $7,500 • $500 for repairs between $7,501 and $15,000 • $600 for repairs between $15,001 and $30,000 • $700 for repairs between $30,001 and $50,000 • $800 for repairs between $50,001 and $75,000 • $900 for repairs between $75,001 and $100,000 • $1,000 for repairs over $100,000  The Consultant may charge an additional $25 per additional Dwelling Unit.    Draw Inspection Fee For each draw request, the Consultant may charge an Inspection Fee that is reasonable and customary for work performed in the area where the property is located, provided the fee does not exceed a maximum of $350.   Change Order Fee The Consultant may charge $100 per change order request.    Re-inspection Fee The Consultant may charge a $50 fee when re-inspection of a Work Item is requested by the borrower or Mortgagee.    Mileage Fee The Consultant may charge a mileage fee at the current Internal Revenue Service (IRS) mileage rate when the Consultant’s place of business is more than 15 miles from the property.    For additional information see Handbook 4000.1 II.A.8.a.vi.(D); II.A.8.a.vii.(G); II.A.9.c at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh  Category: Allowable Closing Costs/Fees
    38. How are judgments considered for FHA financing when manually underwriting a mortgage?Judgment refers to any debt or monetary liability of the Borrower, and the Borrower’s spouse in a community property state unless excluded by state law, created by a court, or other adjudicating body.  The lender must verify that court-ordered Judgments are resolved or paid off prior to or at closing. Judgments of a non-borrowing spouse in a community property state must be resolved or paid in full, with the exception of obligations excluded by state law.   For manually underwritten loans, regardless of the amount of outstanding Judgments, the lender must also determine if the Judgment was a result of:  •     the Borrower’s disregard for financial obligations;  •     the Borrower’s inability to manage debt; or •     extenuating circumstances.   EXCEPTION A Judgment is considered resolved if the Borrower has entered into a valid agreement with the creditor to make regular payments on the debt, the Borrower has made timely payments for at least three months of scheduled payments and the Judgment will not supersede the FHA-insured mortgage lien. The Borrower cannot prepay scheduled payments in order to meet the required minimum of three months of payments.  The payment amount in the agreement must be included in the Borrower’s monthly liabilities and debt.   The lender must obtain a copy of the agreement and evidence that payments were made on time in accordance with the agreement.  The lender must provide the following documentation:  •     evidence of payment in full, if paid prior to settlement;  •     the payoff statement, if paid at settlement; or  •     the payment arrangement with creditor, if not paid prior to or at settlement, and a subordination agreement for any liens existing on title.   For additional information see Handbook 4000.1 II.A.5.a.iii.(G)  at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsghCategory: Credit History/Credit Report
    39. Who is responsible for MIP payments on a Section 222 Mortgage? at the time of application; and the owner of the Property at the time of FHA endorsement. HUD does not require the Mortgagee to collect MIP from the Borrower or to remit premiums to FHA until advised by FHA that the service branchCategory: Special Programs
    40. Must the Mortgagee allow reinstatement of the mortgage if the borrower brings the account current?.  The Mortgagee may collect the cost of the inspections from the Borrower only when: the Mortgage was reinstated or paid in full; the Mortgagee has performed and properly documented the inspections pursuant to HUD requirementsCategory: Default Servicing
    41. May an FHA borrower include optional insurance policy premiums in their Escrow Account?The Mortgagee may allow the Borrower to add Personal Property and personal liability insurance premiums to their monthly payments. The Mortgagee must clearly separate the Texas Collection of unpaid optional coverage premiums fromCategory: Payment/Insurance Admin
    42. How are disputed credit accounts considered when using the TOTAL Scorecard?Disputed Derogatory Credit Accounts Disputed Derogatory Credit Account refers to disputed charge off accounts, disputed Texas Collection accounts, and disputed accounts with late payments in the last 24 months.  If the credit report utilizedCategory: Credit History/Credit Report
    43. How are disputed credit accounts considered for manually underwritten loans?Disputed Derogatory Credit Account refers to disputed charge off accounts, disputed Texas Collection accounts, and disputed accounts with late payments in the last 24 months.   If the credit report indicates that the Borrower is disputingCategory: Credit History/Credit Report
    44. Should the NMLS branch or the company ID be listed in the “company ID” field in FHA forms/systems?Please provide your home office/company (MU1) ID for all instances in which a company NMLS ID is requested. FHA is not collecting the NMLS ID of branch offices yet. The NMLS ID field was added to the branch office registration screenCategory: Lender Approval Changes
    45. What is the FHA Mortgage Insurance Premium structure for forward mortgage loans?In most FHA programs, an Upfront Mortgage Insurance Premium (UFMIP) is collected at loan closing; and an Annual Mortgage Insurance Premium (MIP) is collected in monthly installments. The FHA mortgage insurance premium is based upon the dateCategory: Mortgage Insurance
    46. Who can lenders contact for issues with UFMIP or Periodic MIP payments?). Questions may be emailed to: LenderAssistance@hud.gov   Questions related to the Texas Collection Process of UFMIP may be emailedCategory: Mortgage Insurance
    47. HUD or FHA is garnishing my tax refund, how can I get more information?HUD may garnish wages or offset tax refunds to collect an outstanding debt owed to the Department. Debt Texas Collection for FHA debts is administered by the Albany Financial Operations Center. For more information contact the Center at 1-800-669-5152Category: Title I Servicing/Asset Mgt.
    48. Who do I contact about billing and reconciliation issues for monthly Mortgage Insurance Premium (MIP) payments?Billing and reconciliation information is available via the FHA Connection system by the 17th of each month. Detailed information about HUD’s Single Family Mortgage Insurance Premium Texas Collection Process can be foundCategory: Servicing
    49. What do I do if my previously FHA-insured loan was acquired by HUD, sold to a third party in the 1990s, and the current servicer is threatening to foreclose on me based on debt allegedly incurred during HUD’s ownership of my loan? numerous of these assignment program loans to a third party, which would have then been allowed to collect amounts owed under the notes (including, if applicable, any extra interest accrued during a forbearance period). Following the sales of these loansCategory: Default Servicing
    50. What is PACE? and local governments. The terms and conditions of PACE programs vary by state, locality and PACE program, but generally repayment of the PACE obligation is collected by the local government in the same manner as special assessments rather thanCategory: Energy Efficiency

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