Annual Performance Plan 508

FY14 APR PROGRESS UPDATE
HUD narrowly missed the established target of 10-15% of mortgage originations that were made by the FHA.
We continue to see a positive trend in the percent of loans endorsed with credit score below 680, and we
plan to report on the metric percent of loans endorsed with credit score below 680 that evidence successful
homeownership over the first five years by 2017. The Department missed its target for number clients served
by the Housing Counseling Program by more than 10%. In conjunction with the Department of Justice, HUD
has continued to pursue resolution of major mortgage cases left over from the financial crisis.
MAJOR MILESTONES
10/1/2014 Utilized a revised form HUD-9902 for Housing Counseling performance reporting. The
HUD-9902 form, as revised now allows HUD to collect information on access to various types
of housing resources and assistance, including down payment assistance, financing through
State Housing Finance Agencies, and rental assistance.
Achieved as of this publication.
9/30/2015 4 Complete the majority of FHA enforcement actions for loans endorsed prior to
December 2011 for which DOJ investigations were finalized on 4/30/2014; complete
refers to either an agreement to settle or a decision that settlement is unlikely and
court action is the only solution. While a portion of these FHA enforcement actions are
complete as of this publication, many will continue past FY15 as HUD and DOJ seek
resolution.
12/31/2015 5 Update and streamline Single Family Housing Policy and underwriting standards by
transitioning from multiple handbooks to a single policy handbook. The new Handbook is
being completed through a method of posting sub-sections for stakeholder feedback before
publication. Sections planned for implementation in 2015 include:
• Application through Endorsement for Title II forward mortgages (Complete as of
9/30/2014)
• Servicing and Loss Mitigation for Title II forward mortgages
• Doing Business with FHA
• Claims and Disposition
• Quality Control, Oversight and Compliance
4
This date was changed from 2014 due to majority of actions not completed by DOJ and HUD.
5
This milestone completion date was moved from 9/30/2015 due to IT funding challenges.
Strategic Goal: Strengthen the Nation’s Housing Market to Bolster the Economy and Protect Consumers
35