Proposed Changes to Mini Eagle and Full Eagle Lender Approvals

by C.M. “Corky” Watts, CMB

Over the weekend, I received a copy of the proposed HUD changes that will impact correspondent “mini eagles” and mortgagee “full eagles”.

According to the letter, the changes are aligned with provisions contained in the National Housing Act, as amended by the FHA Modernization Act of 2008. The letter, date [...]