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#2251271 - 03/25/21 08:20 PM Revised Closing Disclosure Post Closing
Annie Offline
Junior Member
Joined: Sep 2018
Posts: 27
I would appreciate your feedback on the following scenario. A mortgage loan is closed as an FHA loan and marked as such on the CD provided at closing. Shortly after closing, it was determined that the loan could not be insured as FHA, so it is being held in portfolio instead. The upfront MI will be refunded and the monthly payment adjusted accordingly. Should the post-consummation CD show an FHA loan or should it show conventional?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2251274 - 03/25/21 09:06 PM Re: Revised Closing Disclosure Post Closing Annie
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 77,310
Galveston, TX
It is not an FHA loan - not sure why if you were doing a post-closing CD you would say it is.
The opinions expressed here should not be construed to be those of my employer:

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