Washington Report

Advocacy Updates from Washington D.C.

FHA Handbook Section for Comment

FHA has released a new section of its Handbook for comment related to claims calculation and submission guidance as well as property disposition for FHA-insured Single-Family Mortgages.  This could be of interest to REALTORS if you are a HUD-registered real estate broker that lists or sells HUD Real Estate Owned (REO) properties (especially the disposition section).  It appears that the new sections reflect existing guidance with minor tweaks to modernize the language to reflect industry tools (such as on-line marketing options through MLS, blogs, social media or the use of pay.gov rather than paper checks).

All comments on the claims calculation and property disposition sections are due September 4, 2015.

FHA Drafting Table

Claims and Property Disposition Handbook Sections

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