Guaranteed Rural Housing Newsletters

Guarantee Fee is now 2%

National Lenders

Archives by Year: 2006 | 2005 | 2004

2008 Newsletters

February/March 2008 $5.2 Billion available for Guaranteed Loans Calculating the Guarantee Fee Past Guaranteed purchases = Guaranteed refinances today	August-September 2008 Fiscal Year 2008 ends September 30th Rural Development DOES NOT underwrite files, issue credit waivers or inspect properties HUD will officially terminate CAIVRS telephone access October 1, 2008, in favor of online access
April/May 2008 GUS Update: Credit & Underwriting Merge Increased Income Limits New Administrative Notices (AN’s) Released
June/July 2008 Service Members Civil Relief Act Guaranteed Underwriting System Update AN 4364 Acceptable Origination Appraisal Forms

2007 Newsletters

December-January (08) Ho….No no no more thermal requirements! RD has eliminated its thermal Standard!	June-July GUS begins controlled rollout Who is ready for GUS Deductions are not just for taxes
October-November Illinois again ranked as #1 in delivering the Guaranteed Rural Housing program. What are the benefits to signing up for the Guaranteed Underwriting System (GUS) Pre-Tax healthcare item deductions	April-May CSC Centralization Complete! FHLBs partner with GRH Program! Maximum Note Rate Increase. Update on AN’s (Collections, 620+ credit scores, Appraisals)
August-September 100% financing proves to be an essential lesson in building your business! 2% Guarantee fee is tax deductible! Get to know GUS! Changes within Rural Development	December (06) - January How do I promote 100% Single Close New Construction? Two local Rural Development offices in Illinois have recently moved to a new location! Illinois finished fiscal year 2006 with a nationwide record setting 3,195 Guaranteed loans! New Listserve and updated G.U.S.

2006 Newsletters

October-November Illinois leads the nation in 100% Guaranteed lending for the second consecutive year! Chase Home Mortgage single close construction pilot program Million dollar lenders and club 500	April/May 2006 Income Limits & Funding Update 2-1-0 Buydowns I-Loan Certificates What’s the advantage of a “VantageScore”?
June-July Benefits of Guaranteed Financing CO Alarm Detector Act View an Underwriter Transmittal Summary Credit and Ratio Waivers explained RD and Rehab do not mix!	February-March New appraisal updates Appraiser and Inspector Note 100% Guaranteed Financing vs. 10% down payment Charleston local office has moved

2005 Newsletters

December-January
Illinois Rural Development is still #1
HUD retires VC Sheet
Reasons for FHA Loans

June-July 2005
Your Key to Financing Dreams
Advantages to Guaranteed Financing
Illinois Association of Realtors® Report
Eligibility Update

Illinois Rural Development is #1

Million Dollar Lenders

Up and Coming Lenders

April-May 2005
Credit Score
Underwriting Matrix

Funding Update 2005

1008 Underwriting Transmittal Summary

Compensating Factors

New Appraisal grh

January 2005
2005 Funding
Funding Facts
Credit Check
Benefits of Guarantee Fee

2004 Newsletters

November 2004 2005 Funding Availability Rural Development Breaks 1 Billion Dollars Guaranteed Housing Updates	August 2004 The Truth About Appraisals Economy Outlook Lender Funding Update 5 Factors of Credit Scoring
September 2004 Funding Update Refinance Money Credit Scoring Part III Minority Homeownership	July 2004 The Federal Reserve and Mortgage Rates Condos with First Right Credit Scoring Part 1

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