FHA Issues FAQs on Reporting Unresolved Findings | Weiner Brodsky Kider PC
To embed, copy and paste the code into your website or blog: FHA recently issued FAQs addressing what constitutes an “Unresolved Finding” and what triggers a “Notice of Material Event” for FHA reporting purposes. These FAQs relate to the requirement in the Single Family Housing Policy Handbook 4000.1 that a mortgagee must report an Unresolved Finding to HUD as a Notice of Material Event. The Handbook defines an “Unresolved Finding” as “a material, adverse written finding…contained in a lawsuit or report produced in connection with an investigation, audit, or review conduct...
Source: jdsupra.com