Thursday, February 20, 2020
9:30 AM – 11:30 AM

Location: LCBR Board Office
21 Prospect St, Suite E
Torrington, CT 06790

Offered at NO COST to LCBR Members
Program Includes: Coffee, Tea, Juice, Pastry, Bagels, Fruit

Affiliate Sponsors:
Anita Visconti, Branch Sales Manager, Norcom Mortgage
Ron Barrante, Branch Manager, Norcom Mortgage 

Speaker & Topics

Guest Speaker

Susan Bizarro, Vice President & Undwriting Manager, Norcom Mortgage

Topics Covered

  • Conventional recent underwriting changes
    • ​recent changes on how rental income is used for owner occupied and investment purchases, as well as changes to reserve requirements from both Fannie and Freddie 
    • Changes that went into effect last year as to income caps for conventional low down payment, first time home buying products
  • Review of important FHA topics
    • Self sufficiency rule, anti flipping rules, types of required repairs
  • Allowable weather related or non health and safety issue repair escrows for FHA and conventional
  • CHFA changes
    • ​Income caps for CHFA conventional loans (they are not the ones on the website)
    • And changes on who underwrites CHFA loans for CHFA/FHA when the lender services the closed loans
  • They will touch base on any VA or rural questions
  • Answer any questions you many have on  specific issues or scenarios