FHA Gives Lenders More Time on Program Feedback

SOURCE: Mortgage News Feed

The Federal Housing Administration (FHA) is seeking additional comments from lenders on doing business with the agency. The FHA extended the deadline for public comment regarding two draft sections of its mortgage policy handbook to Aug. 15. The new sections Doing Business with FHA, FHA Lenders and Mortgagees” and “Quality Control, Oversight and Compliance” — address lender approval and performance, outlining specific requirements for each. The original deadline for stakeholders to provide voluntary feedback on the two draft sections was July 29.

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