Explore the proposed changes to the Single Family Housing Guaranteed Loan Program by the USDA’s Rural Housing Service. This course details the introduction of a seven-year time frame for considering previous agency loss claims as derogatory credit and the updated requirements for refinance transactions. Gain insight into how these changes aim to provide a fair opportunity for credit re-establishment and streamline the refinancing process for rural homeowners.
In this course you will learn the following:
* Understand the purpose and intent of the proposed rule changes to the SFHGLP.
* Recognize the significance of public participation in the rule-making process.
* Identify the potential changes and their implications for applicants and lenders.
