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Handbook 4155 1 Rev 5 Paragraph 1) Refer to the subordinate financing section for more information energy related weatherization items (refer to HUD handbook 4155.1 Rev 5, 17(C)(2). Refer to Manual
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Handbook 4155.1 Rev is a manual that provides instructions and guidelines for the processing of mortgage applications by lenders.
Lenders and mortgage professionals are required to follow the guidelines outlined in Handbook 4155.1 Rev when processing mortgage applications.
Handbook 4155.1 Rev provides detailed instructions on how to properly fill out mortgage applications and the documentation required for the loan approval process.
The purpose of Handbook 4155.1 Rev is to ensure consistency and accuracy in the processing of mortgage applications, ultimately leading to fair lending practices and responsible lending decisions.
Handbook 4155.1 Rev requires detailed information about the borrower's financial history, employment status, credit score, and property details to be reported on the mortgage application.
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