FR-6051-F-03 Federal Housing Administration (FHA): Single Family Sale Program

2 organizations filed 2 public comments on FR-6051-F-03 Federal Housing Administration (FHA): Single Family Sale Program, at the Department of Housing and Urban Development. The comment window closed 680d ago.

Abstract

FR-6051-F-03 This rule amends the requirements for the sale of eligible single family mortgage loans insured by the Federal Housing Administration (FHA) that have been assigned to the Secretary of the Department of Housing and Urban Development (HUD) in exchange for claim payments. The mortgage notes are sold, without FHA insurance, to qualified purchasers in a manner that seeks to maximize recoveries and strengthen HUD’s Mutual Mortgage Insurance Fund (MMIF) and to achieve HUD’s operational goals for the MMIF. This rule transitions the pilot Single Family Sale Program from a demonstration to a permanent program and removes existing Disposition of HUD-Acquired and -Owned Single Family Property regulations, which provided for a retired program that handled the sale of HUD-held single family mortgage loans.

Commenters (2)

• Housing Partnership Networktrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%