In case you missed this call Jennifer DeVenne shared the PowerPoint with me so I could share it with everyone else. Thanks Jennifer.
FHA Call on 3-11-2012 Click here
FHA Collections Click here
Above are the 2 major pieces of the call. The big hottest topic was the MI factors going up and the collection guidelines.
The easiest way to remember the collection guideline is the only way a collection can be left open is if it is both 2 years old and under $1,000. If all collections including medical total over 1k then all must be paid to 0 if collections are less than 1k but less than 2 years old then they must be paid.