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HUD Concentrated Risk Notice

HUD published a Housing Notice and Mortgagee Letter about concentration of principal risk.  The Notice clarifies guidance and processing procedures describing how lenders can obtain prior approval in order to receive FHA’s consideration for additional mortgage insurance commitments when the principals will have total insurance in place, including the proposed additional commitments, equal to or in excess of $250 million.

The notice has been posted to NAHMA’s website under the HUD webpage link. You can see the document by following this link.

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