HUD Delays Implementation of FHA Handbook

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The Federal Housing Administration Single Family Housing Policy Handbook will now come into effect on Sept. 14, the Department of Housing and Urban Development announced Friday.

The decision comes as a response to concerns expressed by some of its stakeholders.

“It’s become clear over the last few months that some of our industry partners require additional time to prepare to implement the handbook,” said Kathleen Zadareky, deputy assistant secretary for single-family housing, in a statement.

“We want to accommodate these requests as we believe everyone benefits from having the necessary time to thoughtfully integrate this new handbook into their business operations.”

Article source: http://www.nationalmortgagenews.com/news/regulation/hud-delays-implementation-of-fha-handbook-1050075-1.html

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