Breaking News: HUD Mortgagee Letter 2009-19 Released on Condominium Approval Process

The US Department of Housing and Urban Development (HUD) released a new Mortgagee Letter 2009-19 on Friday afternoon, detailing new changes in the condominium approval process.  The letter covers the two processing options for condominiums: HUD Review and Approval Process (HRAP) and the Direct Lender Review and Approval Process (DELRAP).  The letter can be found at: 09-19ml.

Check back next week for more information.

Tags: condo, condominium, DELRAP, Direct Lender, HRAP, HUD, mortgagee letter, reverse mortgage, reverse mortgage industry, reverse mortgages

This entry was posted on Friday, June 12th, 2009 at 4:19 pm and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.