FHA proposes changes to URLA, lending certifications

first_imgThe Federal Housing Administration (FHA) released a proposed rule last week that would change its lender certification requirements. Under the proposed changes, requirements would be more transparent, making it easier for depository institutions to offer these types of loans.FHA loans, although not commonly used by credit unions, are a good option for many first-time homebuyers and an important part of the mortgage market.“FHA’s goal is to produce forms that are concise, while appropriately reflecting FHA’s statutory and regulatory program requirements in a way that is easily understood by all parties. The proposed changes streamline the certification statements while continuing to hold lenders accountable for compliance with all HUD eligibility and approval requirements,” the agency stated.Proposed revisions to the Addendum to Uniform Residential Loan Application would reorganize Form 92900-A, regarding loan-level certification, into a more understandable format. Eliminating  duplicative information that is listed elsewhere on the form. Existing and proposed language can be viewed side-by-side here. The administration is also proposing changes to its annual lender certifications to better align them with National Housing Act standards. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

BiH Mountaineers Reached Summit of Kartaltepe on Mount Uludag

first_imgMembers of the Mountain-Ski Association (PSD) Lisin from Sarajevo organized this year a mountain excursion in Turkey, where they reached the top of the summit of Kartaltepe on Mount Uludag.Members of PSD Lisin, together with members of PD Igman, PD Konjuh and the Association of Friends of Nature were in Turkey from 20-30 June 2013.25 mountaineers began the ascent to the top of the mountain. The journey lasted for about a few hours and all mountaineers successfully reached the top.After reaching the top and a bit of rest in Bursa, a tourist excursion was organized through Turkey. They visited Istanbul, Izmir, Pamukkale, Efes and Kušadasi.(Source: klix.ba)last_img read more