| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
|---|---|---|---|---|---|
| #7942 | Closed | public | FHA Lender |
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My client is an FHA nonsupervised lender and is requesting guidance as to what type of investments they can invest in. They would like to provide the guidance to their bank for investment purposes. We are going to provide them with the guidance regarding liquid assets (page 7-22 of the Audit Guide) and unacceptable assets (page 7-24 of the Guide), both attached and highlighted. Would you have any other suggestions as to other guidance we can provide? Thank you! |
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From Mike Olsen: I believe the guidance you are providing is right on track. The important thing here is that your clients investment is an acceptable asset. The Audit Guide that you have included is the most complete list and definition of unacceptable assets. |
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