Regular Contributor
Posts: 171
Registered: ‎02-18-2010
Re: myFICO Insider's Guide to 2010 credit card reform and new FHA mortgage rules
[ Edited ]

In regards to the FHA portion of the pdf.


Will this apply to borrowers who are currently under contract but don't close until after the rule goes into effect (will it grandfather?)?  Or will only apply to those who sign a contract after the rule goes into effect?


I'm currently under contract, but don't plan to close until after May 1st.


Thanks in advance for your assistance.

Message Edited by sugasears220 on 02-24-2010 10:45 AM

Starting Score: Feb 18th 647
March 1st Score: 624
Current Score: April 10th 675
Goal Score: 750

Take the FICO Fitness Challenge