Department of Housing and Urban Development August 30, 2005 – Federal Register Recent Federal Regulation Documents
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Changes in Certain Multifamily Mortgage Insurance Premiums
In accordance with HUD regulations, this notice announces the changes of the mortgage insurance premiums (MIP) for the following Federal Housing Administration (FHA) multifamily mortgage insurance programs whose commitments will be issued or reissued in Fiscal Year (FY) 2006: All sections of the National Housing Act where the mortgagor equity is produced from the proceeds of the sale of low- income housing tax credits (LIHTC): The MIP is reduced to 45 basis points. Section 207/223(f) refinance or purchase of apartments: The MIP is reduced to 45 basis points. Section 223(a)(7) refinance of FHA insured apartment mortgages: The MIP is reduced to 45 basis points. Under the Department of Housing and Urban Development Reform Act of 1989, Pub. L. 101-235 (approved December 15, 1989) and HUD's implementing instructions, a sponsor is required to submit a certification regarding governmental assistance, including any low- income housing tax credits, with all mortgage insurance applications.
Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment
The Office of Federal Housing Enterprise Oversight is issuing this final rule amending its rules of practice and procedure to adjust each civil money penalty within its jurisdiction to account for inflation, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996.
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