TO: ALL APPROVED MORTGAGEES, ALL FHA ROSTER APPRAISERS
All-
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000
ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER
December 7, 2009
MORTGAGEE LETTER 2009-51
TO: ALL APPROVED MORTGAGEES, ALL FHA ROSTER APPRAISERS
SUBJECT: Adoption of the Appraisal Update and/or Completion Report (Fannie Mae Form 1004D/Freddie Mac Form 442/March 2005)
The Federal Housing Administration (FHA) is adopting the Appraisal Update and/or Completion Report, Fannie Mae Form 1004D/Freddie Mac Form 442/March 2005. This is a dual-purpose form. Part A, Summary Appraisal Update Report, provides for updates of existing appraisals when the appraiser concurs with the original appraisal report and updates the appraisal by incorporating the original appraisal report. Part B, Certification of Completion, provides for compliance repair and completion inspections for existing and new construction dwellings. This mortgagee letter is effective for all case number assignments on or after January 1, 2010…
To read this mortgagee letter and any attachments in their entirety, please visit: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ view the 2009 letters and click on the letter of your choice. Mortgagee Letters from previous years can be found on the same page.
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FHA Endorsement and Advanced Underwriting Training comes to Atlanta, Georgia, RSVP today to reserve your place, don’t miss out, seating is limited:
February 10, 2010 - Atlanta, GA. FHA Endorsement Training. Course covers endorsement processing guidelines from the initial case number assignment through issuance of mortgage insurance certificates (MIC); including examples and instructions for accessing FHA Connection, use of case query, ordering case numbers, ‘holds’ tracking, borrower validations, updating an existing case, insurance applications, N.O.R.s, MIC corrections, case transfers and case cancellations. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.addRegisterEvent&eventId=326&update=N
February 11, 2010 - Atlanta, GA. FHA Advanced Underwriting Training. Course includes recent changes and updates to FHA procedures and guidelines, for both credit and property; as well as, how to underwrite several FHA Loan Products, such as Refinance Transactions, Manufactured Homes, Construction Perm, Building on Own Land, 203k Streamline and Regular, Real Estate Owned, Energy Efficient Mortgages and Home Equity Conversion Mortgages. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.addRegisterEvent&eventId=327&update=N
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FHA Appraiser Training in Denver, CO:
January 12, 2010 – Denver, CO. The FHA Appraisal. FREE one-day class for appraisers & lenders will discuss FHA appraisal requirements including FHA Appraisal Protocol, Mortgagee Letters, and the review of FHA property appraisals. Approved for seven (7) hours of Continuing Education Credit from the State of Colorado. Registration required, no fee. This event is classroom training, please only register if you plan on being in Denver. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registrationNotOpenError&eventid=329
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FHA Refinance Webinar:
December 16, 2009 – FHA Refinance Webinar. Due to high demand we have added a second FHA Refinance Webinar. Registrants will receive an e-mail confirmation prior to the webinar with a web link, a toll-free dial-in number, & instructions for participating in the training. Registrants must have Internet access. ALL TIMES ARE MST. Registration required, no fee. More info at: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=328&update=N Register today, this free online training event will fill up fast.
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HUD Housing Counseling Application & Compliance Training comes to Phoenix, AZ:
January 28, 2010 - Phoenix, AZ, HUD Housing Counseling Application & Compliance Training. Sponsored by HUD and RCAC. Learn about: How to become an approved agency, HUD requirements, application process, HUD Handbook 7610.1, Housing Counseling Agency Plan, Performance Review, Compliance requirements, HCS Systems, HUD Final Rule, Administrative requirements, Record Keeping, & the 9902 Form. This workshop is only for nonprofit housing counseling agencies, & government agencies. Registration required, no fee. More info at: http://www.rcac.org/events.aspx?412
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Electronic Class (EClass) on FHA Loss Mitigation & Servicing System and Loss Mitigation Training in Oklahoma City OK:
The EClass System provides additional training on FHA's Loss Mitigation Programs, including FHA's Home Affordable Modification Program (FHA-HAMP), as well as continuing education on loss mitigation & servicing issues that have generated the most industry questions & requests for further training. The EClass System is designed to provide web-based training to HUD-Approved Servicers, HUD-Approved & Non Profit Housing Counseling Agencies. For more info: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
February 23-24, 2010 - Oklahoma City, OK. Early Delinquency Servicing & Loss Mitigation Program Training for HUD-Approved mortgagees, HUD-approved Housing Counselors & Nonprofit Housing Counselors. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
May 18-19, 2010 - Oklahoma City, OK. Early Delinquency Servicing & Loss Mitigation Program Training for HUD-Approved mortgagees, HUD-approved Housing Counselors & Nonprofit Housing Counselors. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
August 24-25, 2010 - Oklahoma City, OK. Early Delinquency Servicing & Loss Mitigation Program Training for HUD-Approved mortgagees, HUD-approved Housing Counselors & Nonprofit Housing Counselors. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm
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