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
2004_register
executive
2010-09-23
article
Revisions to FHA Credit Watch Termination Initiative
Part V
Rules and Regulations
D09002ee1bde4aa8c
D09002ee1bde4ab9c
United States
Department of Housing and Urban Development
originator
org
United States Government Agency or Subagency
On April 1, 2003, HUD published a proposed rule to amend the regulations for the Federal Housing Administration (FHA) Credit Watch Termination Initiative. Specifically, HUD proposed to provide for a fully computerized Credit Watch status notification process through use of the FHA Neighborhood Watch Early Warning System; remove the regulatory ``cap'' on the default and claim rates for placing a mortgagee on Credit Watch status; prohibit a mortgagee that has received a notice of proposed termination from establishing a new branch in the lending area covered by the proposed termination; provide that the default and claim thresholds underlying the Credit Watch Termination Initiative apply to both underwriting and originating mortgagees; codify the definition of ``underserved area'' that is currently used under the Credit Watch Termination Initiative; provide that the date of mortgage origination will be considered to be the date the loan transaction commences amortization, rather than the date of endorsement for FHA mortgage insurance; specify the timeframes for the informal conference that may be requested by a mortgagee prior to termination; and describe the procedures a terminated mortgagee must follow to have its origination approval agreement reinstated.This interim rule follows publication of the April 1, 2003, proposed rule, and takes into consideration the public comments on the proposed rule. In addition, this rule further clarifies the applicability of the Credit Watch Termination Initiative to underwriting mortgagees, and requests comments on the regulatory provisions regarding underwriting mortgagees.
69 FR 75802
https://www.govinfo.gov/app/details/FR-2004-12-17/04-27536
04-27536
fr17de04-16
RIN 2502-AH60
4210-27-P
Docket No. FR-4625-I-02
HUD-2004-0014
https://www.govinfo.gov/app/details/FR-2004-12-17/04-27536
https://www.govinfo.gov/content/pkg/FR-2004-12-17/html/04-27536.htm
https://www.govinfo.gov/content/pkg/FR-2004-12-17/pdf/04-27536.pdf
Administrative Practice and Procedure
Home Improvement
Manufactured Homes
Mortgage Insurance
Reporting and Recordkeeping Requirements
8 p.
75802
75809
69 FR 75802
Code of Federal Regulations
Title 24 Part 202
24 CFR Part 202
Regulation Identification Number 2502-AH60
RIN 2502-AH60
Revisions to FHA Credit Watch Termination Initiative; Federal Register Vol. 69, Issue
RULE
04-27536
V
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2005-01-18
Docket No. FR-4625-I-02
HUD-2004-0014
4210-27-P
04-27536
Interim rule.
On April 1, 2003, HUD published a proposed rule to amend the regulations for the Federal Housing Administration (FHA) Credit Watch Termination Initiative. Specifically, HUD proposed to provide for a fully computerized Credit Watch status notification process through use of the FHA Neighborhood Watch Early Warning System; remove the regulatory ``cap'' on the default and claim rates for placing a mortgagee on Credit Watch status; prohibit a mortgagee that has received a notice of proposed termination from establishing a new branch in the lending area covered by the proposed termination; provide that the default and claim thresholds underlying the Credit Watch Termination Initiative apply to both underwriting and originating mortgagees; codify the definition of ``underserved area'' that is currently used under the Credit Watch Termination Initiative; provide that the date of mortgage origination will be considered to be the date the loan transaction commences amortization, rather than the date of endorsement for FHA mortgage insurance; specify the timeframes for the informal conference that may be requested by a mortgagee prior to termination; and describe the procedures a terminated mortgagee must follow to have its origination approval agreement reinstated.This interim rule follows publication of the April 1, 2003, proposed rule, and takes into consideration the public comments on the proposed rule. In addition, this rule further clarifies the applicability of the Credit Watch Termination Initiative to underwriting mortgagees, and requests comments on the regulatory provisions regarding underwriting mortgagees.
Effective Date: January 18, 2005.
Phillip Murray, Director, Office of Lender Activities and Program Compliance, Office of Housing, Department of Housing and Urban Development, 451 Seventh Street, SW, Room B-133, Washington, DC 20410-8000; telephone (202) 708-1515 (this is not a toll-free number). Persons with hearing or speech impairments may access this number via TTY by calling the toll-free Federal Information Relay Service at 1-800-877-8339.
Administrative Practice and Procedure
Home Improvement
Manufactured Homes
Mortgage Insurance
Reporting and Recordkeeping Requirements
Mortgage and loan insurance programs:
Federal Housing Administration Credit Watch Termination Initiative; revisions,
http://www.epa.gov/feddocket
http://www.hud.gov/offices/hsg/sfh/lender/lendterm.cfm
http://www.regulations.gov
http://www.sba.gov.ombudsman
Federal Register
Vol. 69, no. 242
Office of the Federal Register, National Archives and Records Administration
2004-12-17
continuing
daily
deposited
born digital
375 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2004-12-17
P0b002ee1809789ee
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr17de04
https://www.govinfo.gov/app/details/FR-2004-12-17
https://www.govinfo.gov/content/pkg/FR-2004-12-17/pdf/FR-2004-12-17.pdf
https://www.govinfo.gov/content/pkg/FR-2004-12-17/xml/FR-2004-12-17.xml
fdlp
75451
75818
DGPO
2010-09-23
2023-05-03
FR-2004-12-17
machine generated
eng
FR
FR-2004-12-17
69
242