Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
HUD plans guidance on Lender Insurance process
WASHINGTON (10/11/10)--The U.S. Department of Housing and Urban Development (HUD) keeps working on improvements to the risk management activities of its Federal Housing Administration (FHA) and recently proposed changes to update the Lender Insurance process. Most FHA-insured mortgages are endorsed for the insurance process and the proposed rule, most significantly, would provide new guidance on requirements for mortgagee indemnification to HUD of insurance claims in the case of fraud, misrepresentation, or noncompliance with applicable loan origination requirements. The plan also clarifies that, in order to retain Lender Insurance authority, mortgagees must continually maintain the acceptable claim and default rate required for the initial delegation of eligibility. Comments are due Dec. 7. For more use the resource link.
Other Resources

RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
5 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
8 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
10 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
11 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
11 hours ago