Transcription of TO: ALL APPROVED MORTGAGEES ALL FHA ROSTER …
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TO: ALL APPROVED MORTGAGEES ALL FHA ROSTER …
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. WASHINGTON, DC 20410-8000. ASSISTANT SECRETARY FOR HOUSING- FEDERAL HOUSING COMMISSIONER. November 6, 2009 MORTGAGEE LETTER 2009-46 B. TO: ALL APPROVED MORTGAGEES . ALL FHA ROSTER APPRAISERS. SUBJECT: condominium Approval Process for Single Family Housing In accordance with the passage of the Housing and Economic Recovery Act of 2008. (HERA), the Federal Housing Administration (FHA) is implementing a new approval process for condominium projects and insurance requirements for mortgages on individual units, as authorized under Section 203(b) of the National Housing Act. The requirements of this Mortgagee Letter are effective for all case numbers assigned on or after December 7, 2009, except as noted.
Environmental reviews will not be required for condominium projects approved using the DELRAP option. If the appraiser identifies an environmental condition or the lender is
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