The waiver is effective for cases not yet endorsed.
Source: FHA Info
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Effective today, the Federal Housing Administration (FHA) is waiving its policy requiring mortgagees to provide borrowers with Form HUD-92900-B, Important Notice to Homebuyers. This change is intended to streamline processes and reduce administrative burdens for lenders by eliminating a redundant and outdated form. The change could lead to faster processing times and a less cumbersome experience for the borrower.
The waiver removes the following specific requirements regarding Form HUD-92900-B found in Section II.A.1.a.ii.A.(2) of the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1):
- Providing a copy of the form to the borrower when a mortgage application is received;
- Obtaining the borrower’s signature on the form; and
- Retaining the executed form in the FHA case binder.
The waiver is effective for cases not yet endorsed. Mortgagees must still comply with all other disclosure obligations under existing statutes and regulations.
We encourage you to review the official waiver located on HUD’s Housing Waivers webpage. Should you have any questions, please contact the FHA Resource Center referenced below.
Need Support? Contact the FHA Resource Center.
- Visit our knowledge base to obtain answers to frequently asked questions 24/7 at
http://www.hud.gov/answers. - E-mail answers@hud.gov. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
- Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.