TopMortgage Compliance Update (1)
 

April 5, 2013    

 


FHA: Shifting Timeframe for DE Test Cases

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The Department of Housing and Urban Development (HUD) is giving consideration to revising the pre-endorsement review of loans originated by Direct Endorsement lenders from a time that is prior to the lender closing each loan and before FHA's endorsement of the mortgage for insurance to a period after the loan has been closed.

Specifically, HUD is soliciting comments on (1) the proposed shift in the timeframe for conducting its pre-endorsement review of the loans originated by prospective Direct Endorsement lenders from prior to the lender closing each loan to before FHA's endorsement of the mortgage for insurance, and (2) on its other proposals that, HUD claims, would reduce the processing time and facilitate loan closing.

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IN THIS ARTICLE

      • Status Quo
      • Proposal
      • HUD's View   
      • Statistics   
      • Resolving Material Violations
      • Satisfying Pre-endorsement   
 
 
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Department of Housing and Urban Development
Federal Housing Administration (FHA)

Direct Endorsement Program Solicitation of Comment
on Timeframe for Conducting Pre-Endorsement Review

Request for Comments

Federal Register: Volume 78, Number 55 (3/21/13)
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