(RECAP: The FHA has released new loan-level and annual lender-level certifications which it said it expects will provide better clarity to lenders about FHA policies, including those that are designed to protect borrowers and ensure quality lending practices. Edward Golding, Principal Deputy Assistant Secretary for HUD and FHA Commissioner, said in a letter to lenders that FHA wanted to make clear they will be held accountable by the agency for only those mistakes that would have altered the choice of a loan’s approval when those loans are backed with FHA guarantees. The goal, Golding said, is to make sure lenders make every effort to obtain and validate accurate information but also to recognize minor errors may occur from time to time. With these changes, he said, “we anticipate lenders will be able to more confidently participate in our program and offer access to a wider number of FHA-eligible borrowers.”)

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