All policy changes and updates are referenced below in the appropriate section of the Correspondent Lending Guide. These policy changes apply to everyone using the Chenoa Fund down payment assistance program and are effective beginning 05/10/2024, unless otherwise noted. This announcement, and previous announcements are available on the Announcements page of our website.
Announcement: Update to Mortgagee Clause Address
Our guidelines have been updated in the following sections to reflect the updated address for the mortgagee clause:
10.4.2 Goodbye Letter: Repayable Second Mortgages
11.4.3 Mortgagee Clause (FHA First Mortgages)
The updated information is:
Mortgagee Clause Info (Repayable, 2nd Liens Only)
LENDER/SERVICER, ISAOA/ATIMA
c/o Midwest Loan Services
P.O. Box 690748
San Antonio, TX 78269
