HOMESITE MAP | SEARCH | CONTACT   Twitter Facebook

Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

June 21, 2013
Wiring Funds for DPA Second Mortgages

Beginning July 1, 2013, the Commission will no longer be wiring funds to closing for second mortgages. Lenders will go back to advancing funds/wiring funds for the 2nd mortgages at loan closing.

You will need to use the revised second mortgage notes and deeds found on the forms download page on the Commission’s website with a revision date of 7/1/13. Notes and deeds starting July 1, 2013 will be drawn in the Commission’s name. We plan to have the second mortgage documents available on our website by the end of next week. Program Manual changes will follow shortly thereafter.

The letter to document the Commission’s compliance with FHA’s requirements applicable to secondary financing transactions outlined in HUD ML # 2013-14, dated May 9, 2013 will be provided electronically to the contact shown on the Pre-Closing Checklist at the time the loan is approved by the Commission to close.

Please forward this email to others in your organization needing to know this information.

Thank you for your support of the Commission’s programs and your patience as we transition back to the previous wiring process.

If you have any questions, do not hesitate to contact Dee Taylor at (206) 287-4414 or Karen Carlson-Bunce at (206) 287-4413.

      

 
Home | About | CareersCommissioners | Contact UsEventsMy View Newsletter | Publications | Homeownership: Homebuyer Programs | Information for Lending and Real Estate Professionals | Multifamily Housing: 9% Housing Credit | Bond/Tax Credit | 80/20 Bonds | 501(c)(3) Housing BondsSpecial Programs: Energy | Farmer/Rancher | Nonprofit FacilitiesLand Acquisition Program | Property Managers: Asset Management and Compliance Information for Investors: Official Statements, Annual Reports, Interim Information |  Privacy Notice | Requests for Public Records 
Washington State Housing Finance Commission   Twitter Facebook
1000 Second Avenue, Suite 2700, Seattle, WA 98104 | Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113 | Contact Us |
©1998-2018 All Rights Reserved