FHA Single Family Housing Policy Handbook 4000.1, V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE > D. MONITORING OF OTHER PARTICIPANTS > 3. Nonprofits and Governmental Entities — d. Monitoring of Secondary Financing Program Participants
HUD effective date: 03/14/2016 · section V.D.3 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring of Secondary Financing Program Participants (03/14/2016).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE > D. MONITORING OF OTHER PARTICIPANTS > 3. Nonprofits and Governmental Entities — d. Monitoring of Secondary Financing Program Participants — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring of Secondary Financing Program Participants (03/14/2016)
d. Monitoring of Secondary Financing Program Participants (03/14/2016) FHA will review second lien performance. HUD-approved Nonprofit Mortgagees must identify second liens and their performance. Additional Documentation Required for Review Upon request, the Governmental Entity or nonprofit must provide copies of fully executed Closing Disclosures or similar legal documents, and recorded secondary financing documents.
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