This regulation sets forth requirements, policies, and procedures for multi-family housing (MFH) direct loan and grant programs to serve eligible very-low, low- and moderate income households. The programs covered by this part are authorized by title V of the Housing Act of 1949 and are:
(1) Section 515: Rural Rental Housing, which includes congregate housing, group homes, and Rural Cooperative Housing. Section 515 loans may be made to finance multi-family units in rural areas as defined in ... Read More
This regulation is issued by Rural Housing Service (RHS) and it contains the regulations for Community Programs loans guaranteed by the RHS and applies to lenders, holders, borrowers, and other parties involved in making, guaranteeing, holding, servicing, or liquidating such loans.
The purpose of the Community Programs guaranteed loan program is to improve, develop, or finance essential community facilities in rural areas. This purpose is achieved through bolstering the existing private credi... Read More
This regulation is issued under the authority of the Secretary of Housing and Urban Development (HUD) to administer and enforce title VIII of the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988 (the Fair Housing Act). It provides the HUD's interpretation of the coverage of the Fair Housing Act regarding discrimination related to the sale or rental of dwellings, the provision of services in connection therewith, and the availability of residential real estate-relat... Read More
This regulation supplement the requirements of 12 U.S.C. 1701z-11 for the management and disposition of multifamily housing projects and the sale of HUD-held multifamily mortgages. The goals and objectives of this part are the same as the goals and objectives of 12 U.S.C. 1701z-11. With respect to the disposition of multifamily projects under subpart A, HUD may follow any other method of disposition, as determined by the Secretary.... Read More
This regulation governs the disposition of one-to-four family properties acquired by the Federal Housing Administration (FHA) through foreclosure of an insured or Secretary-held mortgage or loan under the National Housing Act, or acquired by HUD under section 312 of the Housing Act of 1964. HUD will issue detailed policies and procedures that must be followed in specific areas. The purpose of the property disposition program is to dispose of properties in a manner that expands homeownership oppo... Read More
Pursuant to the requirements of the Safety and Soundness Act (12 U.S.C. 4561-4564, 4566), this regulation establishes:
(1) Three single-family owner-occupied purchase money mortgage housing goals, a single-family owner-occupied purchase money mortgage housing subgoal, a single-family refinancing mortgage housing goal, a multifamily special affordable housing goal, and two multifamily special affordable housing subgoals;
(2) Requirements for measuring performance under the goals; and
(3)... Read More
This regulation is issued by the Federal Deposit Insurance Corporation (FDIC) with the purpose to effect a least-cost resolution when FDIC has been appointed conservator or receiver of an insured depository institution. The key subpart that cites mortgage loans is:
12 CFR 360.6 - Treatment of financial assets transferred in connection with a securitization or participation.... Read More
The Federal Housing Administration’s (FHA) Single Family Housing Policy Handbook 4000.1 (SF Handbook) is a consolidated, consistent, and comprehensive source of FHA Single Family Housing policy.... Read More
The objective of HUD Mortgagee Letter ML 2019-02 is to clarify and expand the mortgage credit underwriting requirements in Chapter 8 of the MAP Guide for Active and Passive Principals who are foreign nationals, as well as Domestic Principals, to avoid creating relationships with a foreign national investor that may have disclosed or undisclosed relationships which could be unlawful and/or jeopardize the interests of HUD.
As stated in Section 8.2 of the MAP Guide, foreign national individuals ... Read More