{"id":29661,"date":"2024-08-06T12:02:28","date_gmt":"2024-08-06T16:02:28","guid":{"rendered":"https:\/\/www.carh.org\/?p=29661"},"modified":"2024-08-06T13:12:55","modified_gmt":"2024-08-06T17:12:55","slug":"hud-publishes-disbursing-multifamily-mortgage-proceeds-permitting-mortgagees-to-disburse-mortgage-proceeds-with-mortgagor-provided-funds-notice","status":"publish","type":"post","link":"https:\/\/www.carh.org\/hud-publishes-disbursing-multifamily-mortgage-proceeds-permitting-mortgagees-to-disburse-mortgage-proceeds-with-mortgagor-provided-funds-notice\/","title":{"rendered":"HUD Publishes Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds Notice"},"content":{"rendered":"<p><em>On August 6, 2024, HUD&#8217;s Office of Multifamily Housing published the following information:<\/em><\/p>\n<p>Today, the Office of Multifamily Housing Programs, published the\u00a0<strong><a href=\"https:\/\/www.federalregister.gov\/documents\/2024\/08\/06\/2024-17033\/disbursing-multifamily-mortgage-proceeds-permitting-mortgagees-to-disburse-mortgage-proceeds-with\" target=\"_blank\" rel=\"noopener\">Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds<\/a><\/strong>\u00a0proposed rule in the Federal Register for public comment to modernize regulation in 24 CFR \u00a7 200.54(b). The deadline for public comment is October 7th, 2024.<\/p>\n<p>HUD seeks to modernize regulation in 24 CFR \u00a7 200.54(b) by:<\/p>\n<ol>\n<li>Updating the regulation to allow disbursement of the mortgage proceeds resulting from the initial issuance of a mortgage-backed security guaranteed by the Government National Mortgage Association (Ginnie Mae).<\/li>\n<li>Permitting lenders, where the funds provided by the borrower to the lender are not fully disbursed with the initial advance of the insured mortgage proceeds, to disburse up to 1 percent of the mortgage amount initially endorsed for FHA-insurance.<\/li>\n<li>Permitting borrower\u2019s deposited funds to not be fully disbursed before any disbursement of insured mortgage proceeds.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>On August 6, 2024, HUD&#8217;s Office of Multifamily Housing published the following information: Today, the Office of Multifamily Housing Programs, published the\u00a0Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees to Disburse Mortgage Proceeds with Mortgagor-Provided Funds\u00a0proposed rule in the Federal Register for public comment to modernize regulation in 24 CFR \u00a7 200.54(b). The deadline for public comment&hellip;<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[1],"tags":[],"class_list":["post-29661","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-1","description-off"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/29661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/users\/263"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/comments?post=29661"}],"version-history":[{"count":1,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/29661\/revisions"}],"predecessor-version":[{"id":29662,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/posts\/29661\/revisions\/29662"}],"wp:attachment":[{"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/media?parent=29661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/categories?post=29661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carh.org\/wp-json\/wp\/v2\/tags?post=29661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}