Time may be limited for funding FHA streamline loans with FHA’s new rules.  The FHA-to-FHA Streamline Refinances are effective with case numbers assigned on November 17, 2009. That gives FHA home loan originators only a few weeks to originate loans under the old guidelines. What has changed? Just about everything!

o    New FHA seasoning requirements;

o    Revised requirements for FHA loan payment histories;

o    Required a net tangible benefit to the FHA borrower;

o    FHA now has a maximum CLTV;

o    Required verification of assets and employment