Revises the FHA case binder documentation stacking order, which is updated to incorporate automated feedback messages and other new information. Lenders may begin using this document order immediately and are required to do so for all endorsement submissions mailed or delivered to the FHA Homeownership Centers after March 1, 2001. Updates the Management and Marketing contractors responsible for REO property disposition in North and South Carolina effective January 1, 2001. Also restates the existing Management and Marketing contractors and their respective territories for the rest of the country. Also issues the new premium refund schedule.
Higher ceilings apply for properties in Alaska, Hawaii, Guam and the Virgin Islands.
The new limits are effective January 1, 2001. Lists mortgagees who have had their Origination Approval Agreements terminated by FHA under its Credit Watch Termination Initiative, including the cause and effect of those terminations. Announces HUD's intention to sell certain unsubsidized multifamily and health care mortgage loans which are not covered by FHA insurance in a competitive, sealed-bid sale. Bid packages are currently available and HUD anticipates accepting bids on December 19, 2000. Establishes administrative processes for multifamily housing by which HUD will notify owners of the Department's assessment of the physical condition of their property.