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Home » Store » Government-Insured Lending » Around the Industry

Around the Industry

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Government-Insured Lending

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The FHA has made changes to its internal systems to make sure lenders are paying the correct recertification fees based on the number of FHA-approved branch offices. Currently, an approved lender is required to pay annual recertification fees within 90 days of the end of the fiscal year to maintain approval for the next annual reporting period. Recertification fees cover the home office and each FHA-approved branch office. Previously, lenders were allowed to terminate branch offices at the start of the annual reporting period but before paying the recertification fees. However, system flaws caused ...
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