Department of Housing and Urban Development March 21, 2013 – Federal Register Recent Federal Regulation Documents

Federal Housing Administration (FHA): Direct Endorsement Program Solicitation of Comment on Timeframe for Conducting Pre-Endorsement Review
Document Number: 2013-06110
Type: Proposed Rule
Date: 2013-03-21
Agency: Department of Housing and Urban Development
HUD is seeking comment on moving the timeframe that FHA conducts its pre-endorsement review of loans originated by Direct Endorsement lenders from a time that is prior to the lender closing each loan and before FHA's endorsement of the mortgage for insurance to a period after the loan has been closed. Comment is sought on whether this shift in time, as further described in this document, would reduce the processing time before the loans may be closed, and facilitate loan closing.