| What's New |
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Changes in the economy have folks scrambling to refinance with HUD insured debt products. MAP Lenders are busier than ever. They report significant increases in 232 applications and the 542 risk share product.
To insure that applicants can maintain long-term economic stability, HUD has tightened its FHA underwriting standards. Notice H 2010-11 HUD Multifamily Risk Mitigation was issued last month. See our Helpful Links below to view this notice.
For help meeting the 232 program's new Green Lane requirement, that all principals file their HUD 2530 Previous Participation form in the APPS system, contact Denise Murphy |
| REAC Tip of the Month |
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Did you know?
Incomplete documentation is one of the top reasons a REAC inspection appeal is denied.
Documentation standards are outlined in REAC's guidelines, but can be tricky to understand. For example, a signed and sealed letter from an Engineer does not mean the Engineer has to "seal" the envelope, it means he has to stamp his "professional seal" on the letter. To be successful on appeal, gather your documentation carefully or hire a qualified professional to assist you.
Call us today at 410-821-6953 |
| APPS Tip of the Month |
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Did you know?
One of the top APPS mistakes is selecting the wrong "Reason for Submission"
Whether you are a Management Agent, Owner or General Contractor, if you are filing a HUD 2530 as part of an application the owner or developer is submitting, then each party should select the same "Reason for Submission." Too many folks are simply selecting the generic "New Role for Property." When in doubt, ask.
Contact Murphy Consulting at 410-821-6953 for all your APPS and HUD 2530 needs. |
| Archives Available of APPS & REAC |
Back issues of our e-news, APPS & REAC News and Notes are available on-line. Click here for a direct link to our Archives page and access to all of our previous HUD, APPS and REAC tips.
Forward APPS & REAC News and Notes to colleagues and clients. They can click here to register to receive our e-news directly.
Murphy Consulting does not sell or share our mailing lists. |
| Training Opportunities |
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Coming to Denver - October 5th & 6th:
Gaining and Maintaining HUD Secure System Access
- 1/2 day course; recommended pre-requisite for our APPS class
The Dreaded HUD 2530 & APPS - Making the Complex Comprehensible
- full day course, with HUD staff invited
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