United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1997_register executive 2010-09-24 article Part VI Rules and Regulations D09002ee1be01e1d8 D09002ee1be01e2e2 United States Department of Housing and Urban Development originator org United States Government Agency or Subagency This interim rule implements the Lender Insurance program, under which the Secretary will delegate the authority to insure single family mortgages to certain mortgagees that are approved under the Direct Endorsement program. This interim rule provides that eligible mortgagees that participate in the Lender Insurance program will be responsible for conducting a pre-insurance review during the origination of their single family mortgages, and they will be responsible for insuring the mortgages. HUD intends that delegating this insurance authority through the Lender Insurance program will be consistent with HUD's efforts to reinvent the Federal Housing Administration (FHA) by creating a more efficient and less burdensome process for providing single family mortgage insurance. 62 FR 30222 https://www.govinfo.gov/app/details/FR-1997-06-02/97-14215 97-14215 fr02jn97-12 RIN 2502-AC87 4210-27-P Docket No. FR-4169-I-01 https://www.govinfo.gov/app/details/FR-1997-06-02/97-14215 https://www.govinfo.gov/content/pkg/FR-1997-06-02/html/97-14215.htm https://www.govinfo.gov/content/pkg/FR-1997-06-02/pdf/97-14215.pdf 7 p. 30222 30228 62 FR 30222 Title 24 Part 24 CFR Part Title 24 Part 200 24 CFR Part 200 Title 24 Part 202 24 CFR Part 202 Title 24 Part 203 24 CFR Part 203 Title 24 Part 206 24 CFR Part 206 RIN 2502-AC87 Delegation of Insuring Authority to Direct Endorsement Mortgagees; Interim Rule; Federal Register Vol. 62, Issue RULE 97-14215 VI DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 1997-07-02 Docket No. FR-4169-I-01 4210-27-P 97-14215 Interim rule.

This interim rule implements the Lender Insurance program, under which the Secretary will delegate the authority to insure single family mortgages to certain mortgagees that are approved under the Direct Endorsement program. This interim rule provides that eligible mortgagees that participate in the Lender Insurance program will be responsible for conducting a pre-insurance review during the origination of their single family mortgages, and they will be responsible for insuring the mortgages. HUD intends that delegating this insurance authority through the Lender Insurance program will be consistent with HUD's efforts to reinvent the Federal Housing Administration (FHA) by creating a more efficient and less burdensome process for providing single family mortgage insurance.

Effective Date: July 2, 1997. The information collection requirements in Sec. 203.255(f) of this interim rule, however, will not be effective until the Office of Management and Budget (OMB) has approved them under the Paperwork Reduction Act of 1995 and assigned them a control number. Publication of the control numbers notifies the public that OMB has approved these information collection requirements. John J. Coonts, Director, Office of Insured Single Family Housing, Department of Housing and Urban Development, Room 9162, 451 7th Street, SW., Washington, DC 20410; telephone (202) 708-3046 (this number is not toll-free). Persons with hearing or speech impairments may access this number via TTY by calling the Federal Information Relay Service at (800) 877-8339. Vol. 62, no. 105 Office of the Federal Register, National Archives and Records Administration 1997-06-02 continuing daily deposited born digital 520 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1997-06-02 P0b002ee180a3498d 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr02jn97 https://www.govinfo.gov/app/details/FR-1997-06-02 https://www.govinfo.gov/content/pkg/FR-1997-06-02/pdf/FR-1997-06-02.pdf fdlp 29649 30228 DGPO 2010-09-24 2023-05-06 FR-1997-06-02 machine generated eng FR FR-1997-06-02 62 105