- Subordinated Debt as Net Worth
Does HUD consider long-term subordinated debt(which is not callable) as equity for the net worth calculation , just the way…
- FHA Lender Audit Work Paper Preparation
For my audit workpaper preparation, especially in test of controls over compliance, do you have checklists or templates which peer…
- NMLS Quarterly Call Reports
If a conventional mortgage loan that was closed in the 2nd quarter of a year, but hasn't been funded, was…
- Branch Office Operations – Compensation
If the individual responsible for providing compliance for a Lender has a loan license and occasionally originates a loan for…
- Unacceptable assets when parent and subsidiary are both HUD Lenders
A parent and multiple subsidiaries are each HUD Lenders. Chapter 7 states "When the lender is a parent or a…
- LEAP Submission Template Incomplete
The LEAP template appears incomplete. Not all typical balance sheet accounts are represented for the balance sheet submission. Almost no…
- Supplemental Data – FHA Supervised Lender
I need some clarification regarding what specific income amounts that need to go into the following lines Line 410 -…
- Supplementary Information – Other Income – Line 412
I have a question regarding what specifically should be included in this “Other Income” amount. I take it to mean…
- New Worth for a Cure Inquiry
If a company is not in compliance with net worth at year end and they must cure it (and are…
- Non-Filing on LEAP Penalties
We have a client who cannot certify to the questions in the LEAP submission and so will not have a…
- Compliance Questions – Branches
Just a few quick questions about the “branch” attributes for compliance cause can’t find the answer in the audit guide…
- Auditor Opinion Letter UFRS vs Audit Guide
[December 2015] We have a question on the independent auditor’s report updated on your website as of January 2015. The…
FHA-Lender Questions
