HUD has issued a new Housing Notice (11-05) that allows for the deferral of flexible subsidy loans. HUD has also facilitated the process for review and approval of FHA refinances under Section 223(a)(7) (Notice 11-04). 223(a)(7) refinances are an important tool for preserving HUD insured properties and the new process will help expedite the review and endorsement of these FHA insurance applications.
Notice H 2011-04
Notice H 2011-05
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