HUD Audit Guide Chapter 7 Updated

Published: 11/09/2016

HUD OIG has released the Consolidated Audit Guide revised Chapter 7 – ‘FHA-Approved Lenders Audit Guidance’.  The transmittal letter issued in October 2016 lists the significant changes as:

  • Certain mortgagee letters and chapters of HUD Handbook 4060.1 were retired with the issuance of HUD Handbook 4000.1. References were updated to reflect these new changes. HUD Handbook 4000.1 only applies to single family lenders with the exception of section I.A.1 – I.A.9, which also applies to multifamily lenders.
  • Regulatory references were made to update current requirements.
  • The information contained on this site is designed to provide accurate information in regard to the subject matter covered. However, this site is not a substitute for the promulgated standards or regulatory guidance. The information is provided with the understanding that AHACPA is not engaged in rendering legal, accounting, or other professional advice. If such advice is required, the services of a competent professional should be secured.