NCSHA Comments on FHA Mortgagee Letter 2019-16
NCSHA, on behalf of the state Housing Finance Agencies, sent this letter to the Federal Housing Administration (FHA) regarding the agency’s recent issue of Mortgagee Letter 2019-16. The letter requests clarification on FHA’s policy regarding documentation requirements that FHA-approved mortgagees must satisfy when originating a mortgage for a borrower using funds from another person or entity to satisfy a portion or all of the “Minimum Required Investment,” as defined by FHA.
