Director, Office of Single Family Asset Management

2502-AJ40 201804 Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Streamlining FHA Single Family Mortgage Insurance: 10-Year Protection Plan Requirements for High Loan-to-Value Ratio Mortgages Insurance (FR-6029)

This rule streamlines the home warranty requirements for FHA single family mortgage insurance. This rule removes the regulations requiring 10-year protection plans required in order to qualify for high loan-to-value (LTV) FHA-insured mortgages as a condition of closing for newly constructed single-family homes. The Housing and Economic Recovery Act of 2008 removed the statutory requirement for a warranty plan and other special requirements for high LTV. High LTV mortgages would now be governed solely by the inspection requirements in this rule because the inspection requirements would apply to all new construction, regardless of LTV ratio.

]]> Other Significant Previously Published in The Unified Agenda Final Rule Stage No No Deregulatory 24 CFR 203 12 U.S.C. 1709 and 1710 12 U.S.C. 1715b 12 U.S.C. 1715z-16 and 1715u 42 U.S.C. 3535(d) No NPRM 02/06/2013 78 FR 8448 NPRM Comment Period End 04/08/2013 Final Action 10/00/2018 Includes Retrospective Review under Executive Order 13563. No No None No No No No 2502-AJ03 Split from Elissa Saunders Director, Office of Single Family Asset Management 2502 Office of Housing OH 202 402-2378 100 South Charles Street , 11th Floor, Baltimore MD 21201