MBA Letter to FHA Advocating for Modernized Title I Loan Process
Share to
The Mortgage Bankers Association (MBA) appreciates the opportunity to comment on the Federal Housing Administration’s (FHA) draft Title I Letter (TIL) regarding the proposal to modernize the Title I loan application process by replacing outdated forms (HUD-56001 and HUD-56001-MH) with the industry-standard Uniform Residential Loan Application (URLA, Fannie Mae Form 1003/Freddie Mac Form 65), along with the introduction of a new HUD Addendum for Title I Loans (HUD-92900-TI).
.