MHI learned last night that th proposed rule to implement the Secure and Fair Enforcement Mortgage Licensing (SAFE) Act is due to be published in the Federal Register next week. However, the rule is being distributed ahead of time and can be accessed here (Proposed Rule).

MHI is currently analzying the details of the proposed rule, and will be communicating the results of the analysis to members. There will be a 60-comment period starting upon date of publication in the Federal Register. MHI plans to submit comments on behalf of the industry as well as meet with HUD to address concerns we have regarding the implementation of the SAFE Act. If you have any questions or comments, please contact Brian Cooney at bcooney@mfghome.org or Thayer Long at tlong@mfghome.org

Source: MHI Week in Review