Stakeholders have one month to provide feedback on a new policy handbook being proposed for the Federal Housing Administration.
The Department of Housing and Urban Development first disclosed a planned FHA single-family policy handbook in November 2013.
The new FHA handbook is being promoted as a single, consolidated and authoritative source for FHA single-family housing policy.
HUD says the handbook will make it easier to do business with FHA single family by consolidating policy into one handbook, using simple and more directive language and aligning the flow of the handbook with the mortgage process.
In a filing Tuesday, HUD announced that FHA stakeholders have until May 8 to comment on the proposed handbook.
“Without feedback, FHA’s final Handbook would lack critical revisions or changes that would improve its usefulness,” the filing said. “In particular, obtaining feedback permits FHA to have a handbook that helps lenders and appraisers quickly find needed information and reduces the need for them to obtain clarification and direction on existing and changing policy.”
Feedback can by e-mailed to [email protected], faxed to 202.395.5806 or sent by postal mail to HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503.
The approval number from the Office of Management and Budget is 2502-New.
