2502-AJ60 202404 Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Revision of Investing Lenders and Investing Mortgagees Requirements and Expansion of Government-Sponsored Enterprises Definition (FR-6291)

This rule revises the requirements for investing lenders and investing mortgagees to gain or maintain status as a Federal Housing Administration (FHA) approved lender or mortgagee. This revision will make FHA's approval requirements consistent with investing mortgagees' and investing lenders' risk, reduce barriers to FHA approval for new investing mortgagees and investing lenders, and increase access to capital for all FHA-approved mortgagees and lenders.  This rule also makes clarifying edits to ensure that certification language is applicable to investing lenders and investing mortgagees. In addition, this rule defines the Government-Sponsored Enterprises (GSEs) separately from other governmental-type entities to ensure that FHA requirements specific to loan origination do not improperly apply to the GSEs. Finally, this rule eliminates obsolete language related to lender and mortgagee net worth requirements.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Completed Actions No No 24 CFR 202.9 24 CFR 202.10 12 U.S.C. 1703 12 U.S.C. 1709 12 U.S.C. 1735f-11 42 U.S.C. 3535(d) No NPRM 07/18/2023 88 FR 45863 NPRM Comment Period End 09/18/2023 Final Action 04/23/2024 89 FR 30272 Final Action Effective 05/23/2024 No No Federal No No No Joy Hadley Director, Office of Lender Activities and Program Compliance 2502 Office of Housing OH 202 402-8214 451 7th Street SW, Washington DC 20410