United States Government Printing Office printer prt distributor dst United States National Archives and Records Administration Federal Register Office author aut Government Organization text government publication eng FR Regulatory Information 2010_register executive 2010-09-03 article Rules and Regulations D09002ee18070b579 D09002ee18070b678 United States Department of Housing and Urban Development originator org United States Government Agency or Subagency On July 15, 2010, HUD issued a notice seeking comment on three initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund (MMIF) capital reserve account. This document is limited to implementation of HUD's proposal to introduce a minimum credit score threshold and reduce the maximum LTV. At the end of the public comment period on August 16, 2010, HUD received 902 comments. The overwhelming majority of these comments focused on HUD's proposal to cap seller concessions. HUD is continuing to review and consider the issues raised by commenters on capping seller concessions as well as those pertaining to HUD's proposal to tighten manual underwriting guidelines. HUD's final decision on these two proposals will be addressed separately. 75 FR 54020 http://www.gpo.gov/fdsys/granule/FR-2010-09-03/2010-22133 2010-22133 FR03SE10-7 4210-67-P Docket No. FR-5404-N-02 http://www.gpo.gov/fdsys/granule/FR-2010-09-03/2010-22133/content-detail.html http://www.gpo.gov/fdsys/pkg/FR-2010-09-03/html/2010-22133.htm http://www.gpo.gov/fdsys/pkg/FR-2010-09-03/pdf/2010-22133.pdf 4 p. 54020 54023 75 FR 54020 Federal Housing Administration Risk Management Initiatives: New Loan-to-Value and Credit Score Requirements; Federal Register Vol. 75, Issue RULE 2010-22133 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Docket No. FR-5404-N-02 4210-67-P 2010-22133 Final rule.

On July 15, 2010, HUD issued a notice seeking comment on three initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund (MMIF) capital reserve account. This document is limited to implementation of HUD's proposal to introduce a minimum credit score threshold and reduce the maximum LTV. At the end of the public comment period on August 16, 2010, HUD received 902 comments. The overwhelming majority of these comments focused on HUD's proposal to cap seller concessions. HUD is continuing to review and consider the issues raised by commenters on capping seller concessions as well as those pertaining to HUD's proposal to tighten manual underwriting guidelines. HUD's final decision on these two proposals will be addressed separately.

Karin Hill, Director, Office of Single Family Program Development, Office of Housing, Department of Housing and Urban Development, 451 7th Street, SW., Room 9278, Washington, DC 20410; telephone number 202-708-2121 (this is not a toll-free number). Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at 800-877-8339. Federal Housing Administration Risk Management Initiatives: New Loan-to-Value and Credit Score Requirements , http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ http://www.hud.gov/offices/hsg/fhafy09annualmanagementreport.pdf http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Vol. 75, no. 171 Office of the Federal Register, National Archives and Records Administration 2010-09-03 continuing daily deposited born digital 274 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 http://www.gpo.gov/fdsys/pkg/FR-2010-09-03 P0b002ee18070948a 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:FR03SE10 http://www.gpo.gov/fdsys/pkg/FR-2010-09-03/content-detail.html http://www.gpo.gov/fdsys/pkg/FR-2010-09-03/pdf/FR-2010-09-03.pdf http://www.gpo.gov/fdsys/pkg/FR-2010-09-03/xml/FR-2010-09-03.xml fdlp 54005 54270 DGPO 2010-09-03 2010-09-03 FR-2010-09-03 machine generated eng FR FR-2010-09-03 75 171