Title 24 published on 20-Apr-2017 03:34
The following are
ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 24 CFR Part 25 after this date.
2012-08-24; vol. 77 # 165 - Friday, August 24, 2012
77 FR 51465 - Federal Housing Administration: Strengthening Risk Management Through Responsible FHA-Approved Lenders
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, HUD, Office of the Assistant Secretary for Housing—Federal Housing Commissioner
Final rule; clarification and correction.
Effective Date: September 24, 2012.
24 CFR Parts 25, 30, 201, 202, 203, and 206
As part of HUD's efforts to strengthen the risk management practices of the Federal Housing Administration (FHA), HUD published a final rule on April 20, 2010, revising its regulations pertaining to the FHA-approval of mortgage lenders. The April 20, 2010, final rule increased the net worth requirement for FHA-approved lenders and mortgagees, eliminated HUD's approval of loan correspondents, and amended the general approval standards for lenders and mortgagees. This final rule makes several nonsubstantive clarifications and corrections to the provisions of the April 20, 2010, final rule. The changes will improve the clarity of HUD's regulatory requirements and, thereby, facilitate program participant compliance and improve HUD's ability to monitor and enforce its risk management regulations.