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ABA: The American Bankers Association
Compliance News

FHA Proposes Changes to Lender Certification Requirements

The Federal Housing Administration issued a proposal making changes to its single-family loan and lender-level certifications in an effort to encourage greater bank participation in the FHA program. FHA is proposing to revise the addendum to the Uniform Residential Loan Application to provide greater clarity, streamline information and better align language in the addendum with existing statute and FHA policy. Comments on the proposal will be due June 8.