With Mortgagee Letters 2013-24, 25, & 26, the policy change in several areas of derogatory credit makes it easier for borrowers to qualify. Here’s what you need to know about these changes: Information From the HUD Website: http://www.ChristianPenner.com/FHA-Drastically-Reduces-Waiting-Times/ Effective for case numbers assigned on or after August 15, 2013 through September 30, 2016 1. For Purchase Money Loans only (excluding the HECM). Borrowers that experienced an Economic Event (a decrease of income by 20%

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