HUD · hud-fha · Published 2003-11-21 · 68 FR 65824
Document
Document number
03-29055
Federal Register citation
68 FR 65824
CFR reference
24 CFR 203
Type
Rule
Action
Interim rule.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
2003-11-21
Docket
Docket No. FR-4835-I-01
Abstract
This interim rule would codify the procedures that mortgagees and automated underwriting system vendors must observe if they opt to use the "Technology Open To Approved Lenders" (TOTAL) mortgage scorecard offered by the Federal Housing Administration (FHA). This rule follows a December 6, 2000, Federal Register notice, which announced the Department's intention to deploy the TOTAL mortgage scorecard. The interim rule also clarifies that the underwriting requirements to which FHA mortgagees must adhere are not altered by this rule. This rule only provides the requirements and procedures for use of the TOTAL mortgage scorecard.