Information for Single-Family Lending and Real Estate Professionals
Program Announcement

February 28, 2017
Suspension of Home Advantage Conventional Loans Extended

Dear Lending Partners:

Our loan servicer, ServiSolutions, is making progress in clearing the backlog of loans awaiting purchase. However, as of the end of February, aged loans remain and need to move through the system prior to turning back on the reservation system for the conventional Home Advantage program. The Commission will continue the suspension of conventional Home Advantage loans and will give you an update on or before March 13.

During this time, we will continue to accept conventional Home Advantage reservations on a case by case basis. Please have your corporate office provide written approval to, and if an exception is needed. The Commission will continue to accept government Home Advantage reservations and House Key loan reservations without interruption.


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