Official FHA Conference Call – Implementation of the Final Rule to Strengthen Risk Management

Thursday, June 24th, 2010 at 11:21 AM By Carl Pruitt

Advertisements

FHA’s Policy Call on the Implementation of the Final Rule to Strengthen Risk Management: Implementation of Final Rule FR 5356-F-02, “Federal Housing Administration: Continuation of FHA Reform—Strengthening Risk Management through Responsible FHA-Approved Lenders

FHA recently issued ML 2010-20 which provides an overview of key provisions of HUD’s final rule referenced above, and provides guidance to mortgagees on HUD’s implementation of this final rule. This rule increased the net worth requirements for FHA-approved mortgagees, eliminated FHA approval of loan correspondents, codified requirements of the Helping Families Save Their Homes Act of 2009 (Public Law 111-22), and made minor modifications to other aspects of FHA’s regulations governing lender activities. After a brief overview of the new policy decisions, FHA staff will field questions from callers.

The call is scheduled for Tuesday, 6/29/2010 at: 2:00 pm eastern time.

The call-in number is (866) 207-0413

The conference id number is 84423109

Because there are a limited number of lines associated with this call, we encourage industry groups and lenders to call in from a central location.

You can view a copy of ML 2010-20 online at: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/

A copy of Final Rule FR 5356-F-02 can be viewed at: http://edocket.access.gpo.gov/2010/pdf/2010-8837.pdf

RESPA