FHA Applicable Credit Warranties and Waivers Feedback Messages
The FHA Applicable Credit Warranties and Waivers feedback messages will assist you in validating information transmitted to Loan Prospector. These messages appear on the Feedback Certificate in the Loan Processing Information section, Applicable Credit Warranties and Waivers subsection.
Updated: November 2011
Code
FHA Applicable Credit Warranties and Waivers Feedback Messages
F0
Credit Warranty: Not required to determine that the borrower shows the willingness to pay.
F6
Credit Warranty: Required to determine that the borrower shows the willingness and financial ability to pay.
FY
Ratio Warranty: Not required to determine if the borrower's monthly housing and monthly debt ratios meet program requirements.
FZ
Ratio Warranty: Required to document reasons, including compensating factors, for approving loans that exceed FHA-established debt ratios.
