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WBK Industry News - Federal Regulatory Developments

FHA Publishes Proposed New Loan-Level Certifications

On October 25, 2019, FHA published proposed revisions to FHA’s loan-level certifications contained in Form HUD-92900-A, Addendum to Uniform Residential Loan Application. Public comments are due no later than December 24, 2019.

The proposed revisions to Form HUD-92900-A reflect feedback received by FHA on a proposed draft which was posted on FHA’s Drafting Table earlier this year. FHA made significant revisions to the Form HUD-92900-A including incorporating materiality into the certifications as defined in FHA’s Defect Taxonomy.

Among other items, FHA is seeking commentary on:

  • whether the proposed collected information is necessary and will be useful from a practical standpoint; and
  • how to minimize the burden of information collection on those who have to respond, such as by allowing submission of responses electronically.