September 2019
Most Frequent Loan Purchase Suspense Trends
This month's most frequent loan purchase suspense trends are:

  1. Missing Alta 9 or cleared survey (included in last month's list and still a trend)
  2. Missing MIN Summary for 1st Note (included in last month's list and still a trend)
  3. Not providing Settlement Service Provider Missing stamped “Certified True Copy” of the DPA Mortgage/Deed of Trust or evidence that it has been recorded
  4. Missing Underwriter's Income Calculation Worksheet
  5. Missing copy of active appraiser license using (conventional only)
Reminder: Home Team Advantage Training on September 24
AHFA will be exhibiting at a Home Team Advantage training in Birmingham on September 24. The event is a free, comprehensive, one-day training event focused on building local initiatives that expand homeownership opportunities for underserved households and buyers in distressed markets.

Home Team Advantage content is organized and delivered by the Nickerson Group, a consulting firm focused on increasing access to mortgage financing for low- and moderate-income borrowers and developing community revitalization strategies for distressed markets. Home Team Advantage is sponsored by Freddie Mac's Affordable Lending and Access to Credit Team.

Find more information, see below and register at .
Want To Know More About AHFA Programs?
We'll come train you on the benefits of our homebuyer programs and how to utilize them. Our Step Up down payment assistance program and Mortgage Credit Certificates help make homebuying more affordable and help more people qualify to buy a home.

Want to know the details? We offer onsite, in-person training for all mortgage professionals! These classes include training on our programs, borrower and property eligibility, processing, documentation, income calculations and more.

Contact us today to schedule a date and time! Email Cathy James at .
Alabama Housing Finance Authority |