HUD Reduces Maximum LTV for FHA Cash-Out Refinance Loans
By EsqSocial Corporation 02/08/19
In Mortgagee Letter 2019-11, the U.S. Department of Housing and Urban Development (HUD) announced that it is reducing the maximum loan-to-value ratio and combined maximum loan-to-value ratio on cash-out refinance mortgages from 85% to 80%. The change...
By: Ballard Spahr LLP