Washington Report

Advocacy Updates from Washington D.C.

FHA Revisions to Certifications and Defect Taxonomy

On May 9, 2019, the Federal Housing Administration (FHA) released proposed revisions to the FHA loan-level and annual lender certifications and Defect Taxonomy. The goal of the changes is to provide additional clarity and streamline FHA program requirements while maintaining the financial footing of the Mutual Mortgage Insurance Fund. Specifically FHA revisions would:

  • Revise the Addendum to the Uniform Residential Loan Application (Form 92900-A) in a logical, easy to read, and understandable format, and to eliminate duplicative information collected elsewhere;
  • Better align annual lender certifications with National Housing Act standards while continuing to hold lenders accountable for compliance with HUD eligibility requirements; and
  • Develop a Defect Taxonomy Version 2 that provides more clarity and transparency into FHA's existing loan-level quality assurance processes.

The proposed changes are currently available on FHA's Office of Single Family Housing Drafting Table website. Public feedback must be submitted by June 8, 2019.

Proposed Revisions to FHA Certifications and Defect Taxonomy