Important FHA notice for all mortgagees, 02/15/10 Implementation Date Will NOT Change for MLs 2009-28 and 2009-51
This is the HUD national homeownership center reference guide mailing list for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUD’s National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings.
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Important FHA notice for all mortgagees: The February 15, 2010 Implementation Date Will NOT Change for Mortgagee Letters 2009-28 and 2009-51:
Implementation Date for New Requirements in ML 2009-28:
As indicated in the industry email of December 22, 2009, enactment of ML 2009-28 (Appraiser Independence) WILL be implemented February 15, 2010. ML 2009-28 (originally planned for a January 1, 2010 implementation) has two parts: a) prohibition of mortgage brokers and commission-based lender staff from the appraisal process, and b) appraiser selection in FHA Connection. The effective date for both sections of this guidance will take effect for all case numbers assigned on or after February 15, 2010. This extension has allowed FHA and lenders additional time to adjust systems to accommodate the changes. Detailed instructions on changes to FHA Connection will be issued in a new mortgagee letter, which was delayed due to federal offices being shut down the week of February the 8th and will be released the week of February 15th.
However, lenders will be able to secure a case number assignment in FHA Connection via the Case Number Assignment Screen without inputting the appraiser information. The Case Number Assignment Screen will no longer capture the assignment choice, license ID and assignment date. Instead, lenders will be required to enter all appraisal data, including the appraiser ID, in the Appraisal Logging Screen once the completed appraisal is received by the lender and prior to closing the loan.
Implementation Date for ML 2009-51:
ML 2009-51, Adoption of the Appraisal Update and/or Completion Report, states an effective date of January 1, 2010. The effective date was extended and will apply to all case numbers assigned on or after February 15, 2010. This extension provided additional time needed by FHA and lenders to adjust their systems to accommodate use of the form.
All FHA Mortgagee Letters can be read online at: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/
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Freddie Mac Alternatives to Foreclosure Training for Housing Counselors:
March 1, 2010 – Atlanta, Georgia. Seats are filling up fast so register soon for this course sponsored by Freddie Mac. This 1-day workshop provides housing counselors with an understanding about analyzing default situations to determine possible alternatives to foreclosure. It provides information about workout options (with an emphasis on short payoffs & mortgage modifications), applying Freddie Mac requirements, and exploring options that can help keep borrowers in their homes. Registration Required, No fee. For more info: http://www.freddiemac.com/ontrack/html/LearningCenter/ClassDescription.jsp?crsNum=ATFHC
Reminder from Freddie Mac to all Housing Counselors:
Freddie Mac requires signed written authorization from the borrower before they can communicate with Housing Counselor about any borrower’s case. 95% of the requests Freddie Mac receives from housing counselors do not contain the authorization. This delays response time on the case because Freddie Mac must have the authorization to continue. Please provide the signed written authorization when you first contact Freddie Mac about a borrower.
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RESPA Rule Seminar:
February 19, 2009 – New York, NY. RESPA Rule Seminar. Hosted by HUD’s Office of the Inspector General. Friday, 10:00 a.m. – 2:00 p.m. at the New York Federal Building, 26 Federal Plaza, New York, NY 10278-0068 (Duane Street Entrance), 6th floor Conference Room A & B. If you have any questions please call Migdalia Murati at: 973-776-7316 or David McCarraher at: 215-430-6627. Electronic Registration Required, no fee. Registration link is: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=367&update=N
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HUD-FHA has new career opportunities for qualified individuals. Recently posted online is the position of:
Underwriter, Vacancy announcement 09-DEU-2010-0006z, (Orange County, CA)
The Vacancy Announcements are posted at www.usajobs.gov Please visit that website to view the announcements, additional information and to search for additional new HUD job listings. HUD-FHA also has job opportunities in other locations around the nation. Please bookmark and revisit www.usajobs.gov frequently to see the new jobs as they appear online. Application forms can be found at: http://www.usajobs.opm.gov/forms.asp
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This is the FHA Single Family Housing listserv for real estate industry professionals that are interested in updates to Mortgagee letters, Notices, Guidebooks, Housing Counseling, FHA Reference Guide, Mortgage Limits, Career Opportunities, Grants, Contracting Opportunities & Housing Industry Training. Please visit us at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm
You can find a directory of states that are serviced by the four FHA Homeownership Centers (HOC) on the web at: http://www.hud.gov/offices/hsg/sfh/hoc/hsghocs.cfm
Servicing lenders can visit FHA’s National Servicing Center on-line at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm
For FHA technical support, please contact the FHA Resource Center: http://www.fhaoutreach.gov/FHAFAQ/ Search our online knowledge base and find answers to our most commonly asked questions. Use “live help” to get on-line technical support. You can also get email technical support at: info@fhaoutreach.com or phone FHA toll-free between 8:00 a.m. and 8:00 p.m. ET (5:00 a.m. to 5:00 p.m. PT) at: (800) CALLFHA or (800) 225-5342. Call FHA TDD at: (877) TDD-2HUD (877) 833-2483).
To find the FHA S/F Reference Guide on-line please visit: http://www.hud.gov/offices/hsg/sfh/ref/hsgrcont.cfm
Find out about FHA training by visiting our Events and Training calendar at: http://www.hud.gov/offices/hsg/sfh/events/events.cfm
Do you want to find out about current HUD Contracting Opportunities? To obtain a listing of the current opportunities please visit: http://www.hud.gov/offices/cpo/index.cfm
Do you want to find out about career opportunities at HUD? Visit: http://jobsearch.usajobs.gov/ Application forms can be found at: http://www.usajobs.opm.gov/forms.asp
Find out about grant opportunities by visiting HUD’s Funds Available website at: http://www.hud.gov/offices/adm/grants/fundsavail.cfm
For all FHA publications visit HudClips at http://www.hud.gov/offices/adm/hudclips/index.cfm You can order hardcopies at: http://www.hud.gov/offices/adm/dds/index.cfm
Do you need to find a FHA form? You can also find all FHA forms on the HUDClips website at: http://www.hud.gov/offices/adm/hudclips/forms/
For information on Presidentially Declared Disaster areas and to learn how HUD can help, please see: http://www.hud.gov/offices/hsg/sfh/nsc/disaster.cfm
or contact the National Servicing Center in Oklahoma City, 1-888-297-8685.
This list does not provide HudHome property listings. To see the latest list of all HudHomes nationwide please visit: http://www.hud.gov/homes/homesforsale.cfm
This list will often provide training opportunities and event announcements for non-profit and local government HUD partners. HUD does not endorse the organizations sponsoring linked websites, and we do not endorse the views they express or the products/services they or their community/business partners offer. For more information on HUD’s web policies please visit: http://www.hud.gov/assist/webpolicies.cfm
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The HVCC would be great, except for one minor detail. There is no enforcement. I get calls eveyday, from broker still wanting value check, still calling up wanting the value raised, I’ve had the AMC reps, mouse e-mails, change reports, friday, I got double teamed by a broker and AMC rep demanding I raise my value. It isw like talking to a wall when you try and explain to them that no more value talk. I have been keeping a file and I am going to meet with the Governor’s next week and will be taking my file, and open up a dialogue to try and get the Appraisal board to go to bat for us, so to speak. I haven’t done a job in Austin in almost a month and things are not getting any better. People, you need to speak up id you want to be heard.
Night
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