2502-AJ63 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Revision of Mortgagee Branch Registration Requirements (FR-6321)

HUD’s regulations currently require approved Mortgagees to register all branch offices that conduct FHA business with the Department in order to originate mortgages or submit applications for mortgage insurance in accordance with 24 CFR 202.5(k).  The rule amends the requirement to register all branches that originate mortgages and/or submit applications for insurance.  Additionally, Mortgagees are currently assessed application and annual fees for each authorized branch per 24 CFR 202.5(i).  This rule  clarifies that the Department will continue to assess application and annual fees for registered branches.  This final rule will allow FHA to align its policy and business practices with the current mortgage industry business model that is geared toward remote practice.  Mortgagees will remain fully responsible for the actions of their staff and the quality of the insured mortgages. 

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 24 CFR 202.5(k) 24 CFR 202.5(i) 12 U.S.C. 1703, 12 U.S.C. 1709 12 U.S.C. 1735f-11, 42 U.S.C. 3535(d) No NPRM 03/01/2023 88 FR 12906 NPRM Comment Period End 05/01/2023 Final Action 01/00/2024 No No None No 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