FHA INFO #16-26: Single Family Housing Policy Handbook: Draft Title I Section Posted Today for Feedback
Investor Update
April 20, 2016
Today, the Federal Housing Administration (FHA) posted for stakeholder review and feedback, the draft Title I section of its Single Family Housing Policy Handbook 4000.1 (SF Handbook). This posting is a continuation of FHA’s progress toward a consolidated, authoritative SF Handbook that will make it easier to do business with FHA.
When published, the Title I section will replace existing guidance on:
(1) Origination, Servicing, Claims and Disposition of Manufactured Home Loans, including Lot and Combination Loans;
(2) Origination, Servicing, Claims and Disposition of Property Improvement Loans;
(3) Doing Business with FHA for Title I Lenders; and
(4) Quality Control, Oversight and Compliance for Title I Loans and Lenders
The Title I section consolidates existing guidance found in approximately 120 Title I lender letters and other policy artifacts. The content will provide FHA’s Title I lenders, appraisers, and other stakeholders with a comprehensive resource of policy.
Review and Feedback
The draft section and supporting information is posted on FHA’s Single Family Housing Policy Drafting Table (SF Drafting Table) page located on HUD.gov. We invite stakeholder feedback on the draft Title I section from April 20, 2016 through June 6, 2016. Stakeholders are encouraged to use the respective Feedback Worksheets and feedback submission process outlined on the web page.
Industry Briefing
FHA will host an industry briefing conference call for stakeholders to review the organization and structure of the draft Title I section. While the content is geared primarily for lenders, servicers and appraisers, all stakeholders are welcome to participate.
Date: May 3, 2016
Time: 2:00 PM – 3:00 PM (Eastern)
Title: FHA SF Handbook Draft Title I Section
Dial-in: (800) 260-0719; Access code: 390049
Quick Links
- View FHA’s SF Drafting Table main page at:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/SFH_policy_drafts
Resources
- Contact the FHA Resource Center:
— Visit our online knowledge base to obtain answers to frequently asked questions 24/7 at: www.hud.gov/answers.
— E-mail the FHA Resource Center at answers@hud.gov. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
— Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.
Source: HUD (FHA INFO #16-26 full version)