Tuesday, June 30, 2009

HUD Conference Call on Condos

Want to get the scoop on all the changes to the FHA condo approval process? Following is the HUD announcement for a conference call.

FHA will be holding an industry conference call on “FHA Mortgagee Letter 2009-19, Condominium Approval Process – Single Family” on Wednesday, July 1, 2009 at 3:00 pm Eastern Standard Time (EST). (That's 1:00 pm Mountain Time.) The conference call will feature a brief overview of the mortgagee letter, followed by an open question and answer session.

To participate in the FHA condo conference call on July 1, 2009 at 3:00 pm EST, please dial: (866) 207-0413 and provide to the operator the conference ID #17834469.

Please note: FHA Mortgagee Letter 2009-19 represents the implementation of legislative changes established under the Housing and Economic Recovery Act of 2008. We do plan to hold another call to discuss the market-related problems you may be experiencing in condo developments. On both this week’s call and the future call, we welcome your comments and / or recommendations for programmatic changes that you would like for FHA to consider to address these problems.

You can obtain a copy of “FHA Mortgagee Letter 2009-19, Condominium Approval Process – Single Family” in advance of the conference call by visiting: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/

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