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#997149 - 07/16/08 08:16 PM TIL Disc - FHA & VA Loans
KTMiteComply Offline
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KTMiteComply
Joined: Jul 2007
Posts: 3,298
only if I want to....
Can anybody please give me some direction on where to find the exact documentation on "why" the charge is 4% on late charge and "why" the assumption clause is marked "may" subject to conditions on FHA and VA loans?

THANKS!
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Trust in the Lord with ALL your heart...Prov 3:5-6

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Lending Compliance
#997425 - 07/17/08 12:53 AM Re: TIL Disc - FHA & VA Loans KTMiteComply
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Because those are the programs. For VA loans - search for late charge and assumptions in this document:

http://www.vba.va.gov/ro/south/spete/rlc/Servicer_Handbook.pdf
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