FHA Releases New Single Family Loan Certifications; Proposes Modified Lender Certifications | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: On March 15, the FHA announced that it has revised the form mortgagees must file when submitting a loan for FHA-insurance and proposed changes to the certification statements lenders and other mortgagees must file when applying to participate in FHA’s homeownership programs. FHA hopes these actions will increase lender participation in FHA’s single-family programs by clarifying FHA mortgagees’ underwriting responsibilities and liabilities. To implement the revised certification requirements, FHA has amended the HUD/VA Addendum to the Universal Residential Loan Application (Form 9200-A), the official form mortgagees must file when submitting a mortgage loan for FHA-insurance. These amendments clarify what liability mortgagees might face if the loan is found to contain underwriting or other errors. The new Form 9200-A will become effective on August 1.)