Skip to main content

April Message from the FHA Commissioner

In this month's letter, FHA Commissioner David H. Stevens would like to update everyone on progress FHA is making in the risk management efforts and the initial work FHA will be doing to align internal functions to support the risk management office.  FHA continues to be a critical player in the market and it is our top priority to reduce risks  and return FHA's insurance funds to mandated levels.  On the policy side, FHA will soon publish a final rule to increase the net worth requirements of FHA-approved lenders, strengthen lender approval criteria, and make lenders liable for the oversight of mortgage brokers.  For more information, please refer to the March message from the desk of the FHA Commissioner David H. Stevens here.

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.