LEAP Required Change in Lender’s Computation of Liquidity

In preparation for upcoming submissions in LEAP, FHA has made us aware of a change in the Computation of Liquidity.  In reviewing the new Financial Data Template (FDT) for LEAP there is a change to the Liquidity section.  The account “Securities Available For Sale” has been removed as a liquid account.  In speaking with HUD about this change, they said that they have determined that Securities Available For Sale are not liquid, and therefore, will not be included in the computation.

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