Handbook Section
| Handbook Changes
| Page Number(s)
|
|---|
|
|
Section I – Doing Business With FHA
|
I.A.5.e Title II Direct Endorsement Lender Condominium Project Review and Approval Process Authority
| Updated to note effective date of 10/15/2019.
| 37
|
|
|
Section II – Origination Through Post-Closing /Endorsement
|
II.A.8.d.v(B)(1) Cash-Out Refinances – Maximum Mortgage Amounts – Standard
| Updated the Maximum Loan-To-Value (LTV) and Combined Loan-To-Value (CLTV) percentages to 80 percent on Cash-out Refinance Mortgages, consistent with ML 2019-11.
| 417
|
II.A.8.p Condominiums
| Updated to note effective date of 10/15/2019.
| 477
|
II.A.8.p.ii(C) Condominiums – Form HUD-9991, FHA Condominium Loan Level/Single-Unit Approval Questionnaire
| Updated requirements for units in Approved Condominium Projects to include form HUD-9991. Updated numbering of subsequent sections.
| 478-484
|
II.A.8.p Condominiums
| Updated required documentation to reference form HUD-9991.
| 478, 479, 480, 481-482, 484, 486, 487, 488, 489, 490, 491, 492, 493, 494, 495, 496
|
II.A.8.p.iii(D)(2) Condominiums – Requirements for Eligible Properties – Form HUD-9991, Condominium Loan Level/Single-Unit Approval Questionnaire
| Updated requirements for eligible properties to include form HUD-9991. Updated numbering of subsequent sections.
| 485-495
|
II.C Condominium Project Approval
| Updated to note effective date of 10/15/2019.
| 510
|
II.C.2 Condominium Project Approval – Project Eligibility
| Updated required documentation to reference HUD-9992.
| 512, 514, 518, 519, 520, 520, 521, 522, 524, 525, 526, 527, 529, 531, 532, 533
|
II.C.2.c.i Condominium Project Approval – Project Eligibility – Form HUD-9992, FHA Condominium Project Approval Questionnaire
| Updated requirements for the Condominium Project to include form HUD-9992. Updated numbering of subsequent sections.
| 512-513
|
II.C.3.b.iv Condominium Project Approval – Project Approval Submission – HUD Review and Approval Process – Submission Process
| Updated Condominium Project Approval Stacking Order Documentation to include form HUD-9992.
| 535
|
|
|
Section III – Servicing and Loss Mitigation
|
III.A.1.h.i Insurance Coverage Administration – Hazard Insurance
| Updated Hazard Insurance guidelines for Mortgagees and the Payment of Renewal Premium requirements.
| 623
|
III.A.1.k.ii(E) Mortgage Insurance Premium Cancellation and Termination – Standard – Borrower-Initiated Cancellation of MIP
| Updated the Borrower-Initiated Cancellation of MIP requirements for Mortgages with case number assignments before June 3, 2013.
| 633
|
III.A.1.k.ii(F) Mortgage Insurance Premium Cancellation and Termination – Standard – Artificial Principal Payment Reduction
| Updated language regarding Borrowers with an outstanding Partial Claim/second mortgage. Updated subsequent numbering.
| 633-634
|
III.A.2.h.ii(B)(2) Early Default Intervention – SFDMS Default Reporting – Standard – Time Frame for Reporting
| Added language regarding reporting accuracy and quality control.
| 644
|
III.A.2.h.vi(A)(2) Collection Letters and Electronic Communications – Standard – Electronic Methods of Communication
| Clarified which electronic methods of communication are acceptable.
| 648
|
III.A.2.j.ii(B)(2) HUD’s Loss Mitigation Program – Owner Occupancy – Standard for Non-Occupant Borrowers
| Updated the standard requirement guidance for Non-Occupant Borrowers.
| 666
|
III.A.2.j.iii HUD’s Loss Mitigation Option Priority Waterfall
| Added clarifying guidance in Step 5.
| 670
|
III.A.2.k.v(B)(2) FHA-HAMP – Eligibility – Borrower Qualifications
| Updated qualification language and extended qualification criteria to Mortgagees in PDMDAs.
| 680
|
III.A.2.k.v(H)(3)(b)(ii) Entering into the Trial Payment Plan Agreement – Standard – Trial Payment Plan Terms
| Added clarifying language regarding Trial Payment Plan Terms.
| 684-685
|
III.A.2.k.v(H)(4) FHA-HAMP Trial Payment Plans – Waiver of Late Charges
| Added section regarding waiver of late charges and renumbered all sections that follow.
| 686-688
|
III.A.2.k.v(P) FHA-HAMP – Loss Mitigation Assumption
| Added Loss Mitigation Assumption guidance and renumbered all sections that follow.
| 694
|
III.A.2.l.ii(B)(2) Home Disposition Options – Pre-Foreclosure Sales – Eligibility – Property Maintenance
| Added Property Maintenance language. Updated subsequent numbering.
| 695-701
|
III.A.2.p.ii(B) Qualification Criteria for Use of Commissioner’s Adjusted Fair Market Value – Standard
| Removed language from standard to align with current policy.
| 725-726
|
III.A.2.p.iii(A)(2) Property Valuation and CAFMV – Required Appraisal – Extension to Appraisal Validity Period
| Clarified requirements to Extension to Appraisal Validity Period.
| 726
|
III.A.2.p.iii(C) Property Valuation and CAFMV – Damage to the Property after Appraisal
| Clarified guidance for submitting a variance.
| 727
|
III.A.2.r.ii(A)(3) Initiating Foreclosure – Notice to HOA or Condominium Associations
| Clarified language regarding who is notified during the foreclosure proceedings.
| 736
|
III.A.2.r.ii(A)(4) Initiating Foreclosure – Outstanding HOA or Condominium Association Fees
| Updated guidance to be consistent with ML 2013-18.
| 736
|
III.A.2.r.ii(H) Conduct of Foreclosure Proceedings – CWCOT Post-Foreclosure Sales Efforts
| Updated guidance to clarify timing of sales efforts.
| 742
|
III.A.2.s.iii(B) Notice to Occupant of Pending Acquisition – Standard
| Updated guidance to include instructions in the event of postponement of a foreclosure sale.
| 744
|
III.A.2.t.ii(C)(7)(a) Mortgagee Property Preservation and Protection Action – Securing and Maintaining the Property – Standard
| Updated guidance for securing a vacant property.
| 752
|
III.A.2.t.iv Conveyance of Acquired Properties – Notice of Property Transfer
| Updated guidance on notice of property transfer.
| 771
|
III.A.2.t.v(B)(1) Title Evidence – Fee or Owner’s Title Policy
| Updated guidance on titles for consistency.
| 772
|
III.A.2.t.v(D) Submission of Title Evidence for Conveyance to HUD – HUD Review of Title Evidence
| Removed guidance to align with ML 2010-16.
| 773
|
III.A.2.t.v(F) Submission of Title Evidence for Conveyance to HUD – Return of the Original Title Evidence to the Mortgagee
| Removed guidance to align with ML 2010-16.
| 773-774
|
III.A.3.b.vii(B) Assumptions – Acceleration of the Mortgage – Acceleration not Permitted
| Updated guidance for transfers by devise or descent.
| 783
|
III.A.3.c.iv(B) Loss Mitigation for Borrowers in PDMDAs – Forbearance Options for Borrowers in PDMDAs
| Updated section title to specify Borrowers in PDMDAs, to align with ML 2019-14.
| 786
|
III.A.3.c.iv(C) Loss Mitigation for Borrowers in PDMDAs – Disaster Loan Modification;
III.A.3.c.iv(D) Disaster Standalone Partial Claim;
III.A.3.c.iv(E) Required Financial Evaluation for other Loss Mitigation Home Retention Options;
III.A.3.c.iv(F) Home Disposition Options
| Updated guidance for Borrowers in PDMDAs, to align with ML 2019-14. Updated numbering of subsequent sections.
| 787-790
|
|
|
Section IV – Claims and Disposition
|
IV.A.2.a.iv(A)(2) Submission of Claim Form Parts to HUD for Conveyance Claims – Submission of Part A – To P260
| Updated language regarding documentation to be uploaded into P260.
| 907
|
IV.A.2.c.iv(A) Hazard Insurance Refund Adjustment – Standard
| Updated guidance on submission of claim for a hazard insurance refund adjustment.
| 914
|
IV.A.2.c.vii Claims for Additional Funds
| Removed guidance supporting when a supplemental claim form may be filed as it relates to Part A and Part B.
| 915
|
IV.A.2.c.vii(A)(2) Claims for Additional Funds – Supplemental Claims for Correction of Dates in Part A – Required Supporting Documentation
| Updated guidance for required supporting documentations for supplemental claims for correction of dates in Part A.
| 916-917
|
IV.A.2.c.vii(B) Claims for Additional Funds when Subject to Administrative Offsets Not Permitted;
IV.A.2.c.vii(C) Claims for Funds Related to Partial Claims Not Permitted
| Updated title to clarify that such claims are not permitted.
| 917
|
IV.A.2.c.viii(A) Submission of Supplemental Claim Form Parts to HUD – To HUD
| Updated address where to send supplemental claims.
| 918
|
IV.A.2.c.viii(C)(4) Time Frame for Submission of Supplemental Claims – HUD Requests for Additional Information
| Removed unnecessary language from guidance on communication between HUD and a Mortgagee.
| 919
|
IV.A.2.c.x Appeals of Supplemental Claim Disposition
| Updated the address where Supplemental Claim Appeals are to be submitted.
| 919
|
IV.A.2.d.iii(B) Computation of Claim Amount – Eviction and P&P Costs when Property is Sold to a Third Party
| Updated CWCOT claim guidance.
| 921
|
IV.A.2.d.iii(D) Computation of Claim Amount – Deficiency Judgments
| Added citation for CFR for more complete guidance.
| 922
|
IV.A.2.d.iii(E) Computation of Claim Amount – Third-party Auction Service Fees
| Removed language indicating “net sales prices” for third-party auction service fees.
| 922
|
IV.A.2.d.iv Submission of Claim Form Parts to HUD for CWCOT
| Removed extraneous language.
| 922
|
IV.A.2.e.ii(A)(4) Computation of Claim Amount – Allowable Costs – Attorney’s Fees for Postponed Foreclosure
| Updated guidance for clarity.
| 923-924
|
IV.A.2.e.ii(A)(7) Computation of Claim Amount – Allowable Costs – Borrower Consideration
| Updated guidance regarding claim reimbursement.
| 924
|
IV.A.2.h Claim Type 32 ** – FHA-HAMP Loan Modification
| Added guidance regarding the FHA-HAMP Loan Modification incentive for this Claim Type.
| 926
|
IV.A.3.a.i(A) Processing of Claim Forms – Initial Payment – Definition
| Updated the Initial Claim Payment definition for clarity.
| 927
|
IV.A.3.a.ii(A) Processing of Claim Forms – Final and Full Payments – Definition
| Updated the Final Claim Payment definition.
| 928
|
IV.A.4 Title II Claims – Withdrawal or Cancellation of Conveyance Claims
| Updated section title to be consistent with current policy.
| 929
|
IV.A.4.b.ii(B)(2) Reacquisition by HUD and Resubmission of Claim – Reacquisition Package – Required Documentation
| Updated the Required Documentation requirements.
| 932-933
|
IV.A.4.b.ii(C) Reacquisition by HUD and Resubmission of Claim – Resubmission of Claim
| Updated guidance establishing a time frame for submission.
| 933
|
IV.A.4.b.ii(D) Reacquisition by HUD and Resubmission of Claim – Expenses and Interest after Reconveyance
| Updated guidance establishing a time frame for submission.
| 933
|
IV.A.6.a Title II Claims – Debt Collection and Administrative Offset – Demand Letter
| Removed unsupported language.
| 936
|
IV.B.2.d.i(B) REO Property Disposition – Prospective Buyers – Owner-Occupant Buyers – Standard;
IV.B.2.d.i(C) REO Property Disposition – Prospective Buyers – Owner-Occupant Buyers – Required Documentation;
IV.B.2.d.v(B) REO Property Disposition – Prospective Buyers – HUD Employees – Required Documentation
| Updated guidance for consistency.
| 941
942
947
|
IV.B.2.d.vi(B) Prohibited Buyers – Participants in HUD REO Marketing and Management
| Updated guidance to provide more specific detail on prohibited buyers.
| 947
|
IV.B.2.i.ii Selection of Winning Bid – Submission of Sales Documents
| Removed language for clarification and consistency.
| 958-959
|
|
|
Section V – Quality Control, Oversight and Compliance
|
V.A.2.a.i Institutional Quality Control Program Requirements – Who May Perform Quality Control – Employees
| Added language that was inadvertently removed. This update is effective immediately.
| 975
|
V.C.2.d DELRAP Mortgagee Monitoring Reviews;
V.E.3.a.v Return to Conditional or Withdrawal of Unconditional DELRAP Authority
| Updated to note effective date of 10/15/2019.
| 1001, 1013
|
|
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Throughout Document
|
|
| Corrected instances of GTR to COR.
| 931-932, 967
|
