11.3.6 Interest Rate Lock

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. The Lender must notify HUD of interest rate lock (e.g. Ginnie Mae investor trade agreement) to allow sufficient time to process any amendments to the Firm Commitment. While the Lender may elect to lock rate after receipt of a commitment to insure, Lenders and Borrowers assume all risk of fees due (e.g. investor extension or delivery fees) associated with the timing of transaction closing and mortgagebacked security pooling or issuance.

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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