New FHA rule re borrower name? (lender, underwriting, investor, personal) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

Off Topic · 07-26-2010, 08:58 AM

I'm being told that there is a new FHA rule that requires the borrower's name to match identically on the vesting deed, driver's license and social security card. (Personally, I doubt half the borrowers in America have their names exactly matching on all three.)

This sounds more like an underwriting rule to me than an FHA rule. Anyone heard anything about this?

ShanetheMortgageMan · 07-26-2010, 10:24 AM

It's a lender specific guideline.

Off Topic · 07-28-2010, 08:53 AM

That was my guess and after pushing them a little, that is what it is. Actually, they said their investors are starting to insist on it, so when the investor wants it, they are going to get it whether it's an FHA rule or not. But they were wrong to portray this as an FHA rule.

Thanks!