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Kirk Jaffe Enterprises, Inc. has multiple services for home buyers and business owners.

Make us your preferred solution for home and commercial real estate.

MORTGAGE LENDING

We offer the most competitive rates and excellent service beyond closing. Guaranteed! PRO.

REAL ESTATE AND PROFESSIONAL CONSULTING

We offer guidance to real estate professionals, tax professionals, lawyers, and CPA's.

BUSINESS CONSULTING

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the next level and beyond. Kirk has helped hundreds of businesses and
can help you get there faster.

INVESTMENT ASSISTANCE

Our proven track record in solid investments has help hundreds and could help you too. Ask us how!

FIND OUT WHY KIRK JAFFE IS THE BEST CHOICE FOR LOANS AND HELPING BUSINESSES GROW!

Kirk Jaffe, CEO/Founder – Executive Management of $200MM private investment fund including Mortgage Notes, Real Estate Owned (REO) and Commercial Property Holdings. He has overseen and held executive authority of over 20,000 real estate transactions in his 20-year real estate career including buying and selling of property, foreclosure, short sale, loan modification, rehabilitation of property with an aggregate over $1 Billion value. Kirk has also originated over $ 1 Billion of new Mortgages.

Kirk is the past President of the Universal City/North Hollywood Chamber of Commerce as well as a former co-chair of the ALFN Commercial Practices Committee. He is active as a speaker and moderator of several trade organizations including the CA Mortgage Bankers Association (CMBA), Mortgage Banking Association (MBA), and the Attorney Legal Financial Network (ALFN). Mr. Jaffe is quoted or has been a guest of several media outlets including: KABC790 Talk Radio, NBC and the Los Angeles Daily News to name a few.

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  • MORTGAGE LENDING
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WHAT OUR CLIENTS HAVE TO SAY

“What a GREAT guy Kirk is! I highly recommend him and his services all the time and for my own home loan needs. Why would I say that as a Broker myself? Well as a Buyer and a Broker I cannot have my hand into many aspects of the transaction, so I trust Kirk with my financing needs he has yet to let me down! "

Steve Duncan

"Kirk is my go-to lender. He has worked many “miracle situations” and provides top notch service from start to finish...."

Jeff J. Grice

"I have known Kirk Jaffe for many years. Kirk has a stellar reputation. You can see his reviews by going to www.mycity.com/profile/kirk-jaffe."

Bob Friedenthal

"When I need any information regarding the Real Estate Financing space for a client, my first call is to Kirk Jaffe. He is knowledgeable, professional, and experienced. He stays on top of cases and follows up with clients. He is a true asset to my business."

Bruce Fine

"Kirk works hard and well day and night, a kind person and gets it done fast!"

Melissa Oppenheimer

"Kirk did a fabulous job. He walked me thru the process and it was incredibly easy compared to other mortgages I've done. Thanks to Kirk, my house closed in under 21 days, and he got me a great interest rate."

CHARLIE JEWETT

WHY WORK WITH KIRK JAFFE ENTERPRISES, INC?

Because we offer the best service at affordable rates and will help your company grow faster! Click the button or
CALL US AT (775) 415 - KIRK (5475)

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FHA issues waiver to make government-insured mortgages more accessible

September 10, 20231 min read

The waiver eliminates a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system

The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers.

“FHA has determined that this flag does not improve risk management and is often why other lenders will reject an applicant even when that applicant might otherwise qualify for a loan,” the agency explained in an informational notice distributed on Thursday. “Currently, when a mortgagee rejects a borrower’s application for an FHA-insured mortgage, the denial information must be entered on the Mortgage Credit Reject (MCR) screen in FHAC.”

The resulting warning flag would become associated with both the individual borrower and their case number for six months, ultimately requiring a review from the regional Homeownership Center (HOC) when a borrower applies for a government-insured loan from another lender during that period.

“By waiving this provision of the Single Family Housing Policy Handbook 4000.1, FHA will no longer require lenders to enter rejection information in FHAC, streamlining the loan underwriting process and removing an unnecessary barrier for borrowers who wish to obtain FHA-insured financing,” FHA said.

The waiver is effective for all cases pending endorsement on or after September 11, 2023. Any cases pending endorsement that have the aforementioned flag will see those removed at that time, FHA said. The MCR screen itself will also no longer be available in FHAC beginning on that day.

The waiver is also a new permanent policy change. It will be incorporated into future versions of the Single Family Housing 4000.1 Handbook, according to the agency.

©HOUSINGWIRE

FHAFHA NEWSMortgage NEWSUSA Mortgage NEWSUSA Mortgage
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Kirk Jaffe Enterprises, Inc.

195 Highway 50, Ste 104-476

Stateline, NV 89449


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