Q: We know HUD is exercising restraint in enforcement of RESPA’s new requirements for 120-days to FHA – approved lenders who demonstrate a excellent faith effort to comply. Does this mean we can still use the ancient forms? …
Original post:
FHA Commissioner David Stevens addresses mortgage industry policy …
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Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for ... these changes are among the most significant steps to address risk in the agency's history. Additionally, by continuing to provide affordable, responsible mortgage products, FHA will support the housing market's recovery. ...