Withdrawal of Interim Rule on Builder Warranty for High Ratio FHA-Insured Single Family Mortgages for New Homes

HUD · hud-fha · Published 1999-04-23 · Effective 1999-04-23 · 64 FR 19895

Document

Document number: 99-10137
Federal Register citation: 64 FR 19895
CFR reference: 24 CFR 203
Type: Rule
Action: Withdrawal of interim rule.
Category: hud-fha
Agency: US Department of Housing and Urban Development
Publication date: 1999-04-23
Effective date: 1999-04-23
Docket: Docket No. FR-4288-N-03

Abstract

This notice withdraws an interim rule, published on March 25, 1999, that would have permitted FHA insurance for a mortgage on a new home to exceed a 90 percent loan-to-value ratio if the home is covered by a 1-year builder warranty that meets the requirements of HUD regulations. This rule would have replaced a 10-year builder warranty requirement.

Source

Authoritative: Federal Register document
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