8.8.9 Mortgage Credit Duties of HUD
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. Concentrated Risk Prior Approval. Confirm that the Lender has correctly determined if prior approval is required for the Sponsor to file an application. (See Appendix 8, Section A.8.3 for prior credit approval instruction).
B. Previous Participation. Perform the electronic 2530 review and approval process.
C. Underwriting Conclusions . Review Lender’s preliminary analysis and recommendation about the Development Team’s financial capacity, experience and creditworthiness and the Lender’s analysis of any defaults, mortgage relief, assignments, and foreclosures relating to these projects.
D. Verify Sources of Funds . HUD will verify, through use of the form HUD-92264-A and documents supplied by the Lender, the source(s) of funds to meet cash requirements
MAP Guide, March 2021 Go to beginning of Chapter 8
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Chapter 8 Page 8-36
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Chapter 8 Mortgage Credit 8.9 Mortgage Term and Amortization Commencement
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