WASHINGTON – As part of a broader effort to develop a handbook which will be a single, authoritative source of policy for FHA-approved lenders, the Federal Housing Administration (FHA) today posted two new handbook sections on The Drafting Table for feedback. The Handbook is part of FHA’s “Blueprint for Access,” which is intended to make easier for FHA lenders to comply with Single-Family requirements and encourage lending to creditworthy borrowers across the credit spectrum.
FHA Commissioner Carol Galante said, “FHA is committed to developing a handbook that incorporates policy that currently exists in several handbooks, rules, mortgagee letters, notices and other policy sources into a single source of policy for FHA lenders. Our intention is to make it easier to do business with us, reduce compliance costs and ultimately increase access to credit. We look forward to receiving feedback from our partners so we can continue improving the way we work together.”
FHA is publishing two new sections of its developing Single-family Handbook:
FHA invites all interested parties to review these two new and to provide feedback through July 29, 2014.