MetaSource Mortgage Blog

New Whitepaper: Introducing the New FHA Handbook (4000.1)

Thursday, July 09, 2015

Which New FHA Rules Have the Greatest Impact on Mortgage Lenders

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Update: The new handbook was initially announced to go into effect on June 15, 2015. Perhaps because everyone in the mortgage industry is focused on the upcoming TRID changes, FHA announced that it has extended the effective date for the policies contained in the new handbook to September 14, 2015.


Over the last 30 years, interpreting FHA rules was tedious and risky considering they were spread over 13 different HUD handbooks, thousands of mortgagee letters and five housing notices.

FHA has consolidated all of this information into one updated handbook: Single Family Housing Policy Handbook (Handbook 4000.1). They've also clarified underwriting guidelines that have been widely open to interpretation for decades and made some additional changes.

Our new whitepaper will help you identify which of the new FHA handbook changes could have the greatest impact on you so that you can continue avoiding buybacks and indemnifications.


  • Pre-close loan auditing should take place on a monthly basis and including the methodology of sampling
  • Tracking and trending should be performed
  • Issues need to be mitigated as they arise with corrective actions taken for recurring errors

Download the FHA Handbook 4000.1 whitepaper


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