Final notice of new manual underwriting requirements.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
2013-12-11
Effective date
2014-03-11
Docket
Docket No. FR-5595-N-01
Abstract
On July 15, 2010, HUD issued a document seeking comment on three initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund capital reserve account. This document implements one of these proposals. Specifically, through this document, FHA is providing more definitive underwriting standards for mortgage loan transactions that are manually underwritten.