New FHA Certification Guidelines to Land Soon, Ending a 5-Year Holding Pattern

On June 30, 2011, the Condominium Project Approval and Processing Guide (“Guide”) was published by the U.S. Department of Housing and Urban Development (“HUD”). The Guide was designed to provide Federal Housing Administration (“FHA) condominium project approval processing requirements. Since June 30, 2011, a handful of Mortgagee Letters from HUD have provided small changes to the Guide, but for the most part, the processing requirements contained in the Guide have been in a “holding pattern” for the last 5 years.      Read the article………….

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