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HUD/OH RIN: 2502-AJ08 Publication ID: Fall 2015 
Title: Federal Housing Administration Risk Management Initiatives: Third Party Contributions (Seller Concessions) (FR-5572)  
Abstract: On July 15, 2010, HUD issued a proposal seeking comment on three regulatory initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund (MMIF) capital reserve account. On September 3, 2010, HUD implemented the proposal to introduce a minimum credit score and reduce the maximum loan-to-value ratio for FHA single family mortgage insurance. This final action addresses the third proposal, namely, the proposal to reduce the amount of closing costs a seller may pay on behalf of a homebuyer purchasing a home with financing insured by the Federal Housing Administration (FHA). On February 23, 2012, HUD issued a notice seeking additional comment on an acceptable amount of seller concessions. The February 2012 notice took into consideration the public comments received on the July 15, 2010 notice regarding the proposed cap on "seller concessions" and revised the proposed cap in response to comment. This final action would take into consideration public comment on the February 23, 2012, notice. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 11   
Legal Authority: 12 U.S.C. 1709(b)    42 U.S.C. 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM   07/15/2010  75 FR 41217   
NPRM Comment Period End  08/16/2010    
Second NPRM  02/23/2012  77 FR 10695   
Second NPRM Comment Period End  03/26/2012 
Withdrawn  09/14/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Elissa Saunders
Director, Office of Single Family Asset Management
Department of Housing and Urban Development
Office of Housing
100 South Charles Street , 11th Floor,
Baltimore, MD 21201
Phone:202 402-2378