← Civilian agency rules (VA/HUD/ED/SSA)

Federal Housing Administration (FHA): Single Family Sale Program

HUD · hud-fha · Published 2024-12-11 · Effective 2025-01-10 · 89 FR 99705

Document

Document number
2024-28706
Federal Register citation
89 FR 99705
CFR reference
24 CFR 203
Type
Rule
Action
Final rule.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
2024-12-11
Effective date
2025-01-10
Docket
Docket No. FR-6051-F-03

Abstract

This rule amends the requirements for the sale of eligible single family mortgage loans insured by the Federal Housing Administration (FHA) that have been assigned to the Secretary of the Department of Housing and Urban Development (HUD) in exchange for claim payments. The mortgage notes are sold, without FHA insurance, to qualified purchasers in a manner that seeks to maximize recoveries and strengthen HUD's Mutual Mortgage Insurance Fund (MMIF) and to achieve HUD's operational goals for the MMIF. This rule transitions the pilot Single Family Sale Program from a demonstration to a permanent program and removes existing Disposition of HUD-Acquired and -Owned Single Family Property regulations, which provided for a retired program that handled the sale of HUD-held single family mortgage loans.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown