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CHFa Home Finance -Training Opportunities: May/June 202033566/25/2020 10:21:34 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA is fully operational. That said, we are still offering web-based training to get you ready for the summer buying season! Check out the schedule by visiting the Mortgage and Real Estate Professional Training page. 2020-05-07T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/05072020-hf-training.pdf, Read enewshttps://www.chfainfo.com
reminder: maintenance: homeconnection unavailable33546/25/2020 10:19:26 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA will be conducting routine maintenance on Saturday, May 9, 2020. CHFA’s HomeConnectionsm system will not be available during this time. New locks and file submissions will not be allowed. We anticipate the system being operational by the following da2020-05-08T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/05082020-hf-hc.pdf, Read enewshttps://www.chfainfo.com
homeconnection gets an upgrade33536/25/2020 10:16:50 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseYou will notice a few changes to the CHFA HomeConnectionsm system on June 12, 2020. These changes are predominantly cosmetic in nature and will not affect how you upload documents. The most noticeable enhancement is a new navigation field visible when l2020-06-08T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06082020-hf.pdf, Read enewshttps://www.chfainfo.com
faster chfa closings are coming!33526/25/2020 10:15:31 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA will be implementing a new Lock to Purchase process effective for CHFA Preferredsm and CHFA SmartStepsm mortgage loans locked on or after September 1, 2020. With our new Lock to Purchase process, we will no longer be reviewing CHFA Preferredsm and 2020-06-10T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06102020-hf-closings.pdf, Read enewshttps://www.chfainfo.com
attention: homeconnection technical issues33486/25/2020 10:10:05 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA has received a few inquiries from lenders unable to access HomeConnection. We recently upgraded the system, with changes effective today. Please remember, these upgrades are only supported by the following browsers: Google Chrome, Safari, Firefox2020-06-12T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06122020-hf-hc.pdf, Read enewshttps://www.chfainfo.com
mers: transfer within five days of purchase33466/25/2020 10:07:54 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseReminder: The Transfer of Servicer (TOS)/Transfer of Beneficiary (TOB) must be completed within the MERS system using a transfer date within five (5) days of CHFA's loan purchase. Important: Include both CHFA's ORG ID of 1008017 and the sub-servicer, DM2020-06-15T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06152020-hf-mers.pdf, Read enewshttps://www.chfainfo.com
CHFa Home Finance - Training Opportunities: July 202033446/25/2020 10:05:26 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalse June 17, 2020 chfa home finance upcoming trainings CHFA Refresher (Loan Officers) Live webinar • July 14 • 2:00pm If you have previously taken the Lender Basics class and would like to refresh your CHFA knowledge. To register, please 2020-06-17T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06172020-hf-training.pdf, Read enewshttps://www.chfainfo.com
effective immediately: new income and purchase price limits33306/25/2020 10:01:47 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseIncome Limits CHFA has updated income limits for its single family mortgage programs. The new income limits are only effective for new loan locks made on or after June 22, 2020. Purchase Price Limits CHFA has updated its purchase price limits for the C2020-06-22T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/06222020-hf-ippl.pdf, Read enewshttps://www.chfainfo.com
Did You Know? CHFA Requires a FHA MIC within 30 Days23925/5/2020 10:37:26 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseThe FHA Mortgage Insurance Certificate (MIC) must be delivered to CHFA within 30 days of the loan purchase by CHFA. CHFA may begin the Repurchase process if all required forms and documents, including the FHA MIC, and any loan document error corrections, 2020-04-30T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/HF-DYK-FHAMIC-Apr-30-2020.pdf, Read enewshttps://www.chfainfo.com
maintenance: homeconnection unavailable22085/5/2020 9:39:38 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA will be conducting routine maintenance on Saturday, May 9, 2020. CHFA’s HomeConnection system will not be available during this time. New locks and file submissions will not be allowed2020-05-05T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/05052020-hf.pdf, Read enewshttps://www.chfainfo.com
maintenance: homeconnection unavailable21924/24/2020 6:11:21 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA will be conducting routine maintenance on Saturday, April 18, 2020. CHFA's HomeConnection system will not be available during this time. New locks and file submissions will not be allowed. We anticipate the system being operational by Noon that day2020-04-15T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/04152020%20-hf-hc.pdf, Read enewshttps://www.chfainfo.com
extended: waiver on certain fees21904/24/2020 4:19:09 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA understands many transactions are still facing delays in closings and recordings due to COVID-19. CHFA is extending the waiver on the following fees to May 1, 2020: • If a loan is within the original 60-day Lock Period, Participating Lenders may req2020-04-23T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/04232020-hf-waiver.pdf, Read enewshttps://www.chfainfo.com
Did You Know? CHFA Can Purchase Loans in Eight Days19804/9/2020 10:34:12 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalsechfa can purchase loans in eight days It’s true! CHFA understands the importance of purchasing loans quickly in order to get loans cleared from your warehouse lines. CHFA can purchase complete loan files within six business days (or eight calendar day2020-04-03T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/HF-DYK-Purchase-8days-Apr3-2020.pdf, Read enewshttps://www.chfainfo.com
chfa firststep programs: electronic signatures allowed on initial applicant affidavit19794/9/2020 10:32:42 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseIn addition to no longer requiring the Initial Applicant Affidavit (CHFA Form 401) be notarized, CHFA will now accept electronic signatures on CHFA Form 401 and borrower explanation letters. Important: Electronic signatures must be obtained in 2020-04-07T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/04072020-hf-firststep.pdf, Read enewshttps://www.chfainfo.com
covid update: early payment default, repurchase, and forbearance19784/9/2020 10:31:19 PMhttps://www.chfainfo.com/participating-lenders/single-family/Lists/HF/AllItems.aspxFalseCHFA requires Participating Lenders to underwrite, originate, and provide any initial servicing of CHFA home mortgage loans in accordance with CHFA's Mortgage Purchase Agreement (MPA) and Seller's Guide; legal and regulatory requirements; and insurer, 2020-04-09T06:00:00Zhttp://chfawebadmin.chfa.colohfa.org/eNews/Documents/04092020-hf-covidupdate.pdf, Read enewshttps://www.chfainfo.com