Section C. Borrower Credit Analysis Overview
HUD 4, Section C4-C-1Section C. Borrower Credit AnalysisOverviewIn This SectionThis Section contains the topics listed in the table NameSee Page1General Guidelines for Analyzing BorrowerCredit4-C-22Guidelines for Credit Report Review4-C-73Evaluating Non-Traditional Credit andInsufficient Credit4-C-164Borrower Liabilities: Recurring Obligations4-C-185Borrower Liabilities: Contingent Liabilities4-C-216Borrower Liabilities: Projected Obligations andObligations Not Considered Debt4-C-23Chapter 4, Section CHUD General Guidelines for Analyzing Borrower CreditIntroductionThis topic contains information on the general guidelines for analyzingborrower Credit , including past Credit performance analyzing Credit history documenting Analysis of delinquent accounts lack of established Credit history verifying and documenting non-traditional Credit providers, and non-traditional mortgage Credit report (NTMCR).
The TOTAL Scorecard Refer recommendation requires the borrower to provide an explanation for major indications of derogatory credit, such as judgments and collections, and any minor indications within the past two years. Reference: For more information on the TOTAL Scorecard recommendations, see the TOTAL Mortgage Scorecard User Guide.
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