I have mine scheduled for April 19th, I don't really want to wait any longer and jeopardize my approval, but this is really annoying that this agency can't just say straight up in a timely manner what needs to be done.....I've done my recert and paid my $500 fee, just trying to save myself from a $3500 audit that may end up not even being necessary.

So I thought I'd start this post and see what the rest of the Pro's are doing for their own situations and keep everyone informed.

Never mind, I'm going golfing on the 19th with my CPA instead.

Since your CPA won't be doing your audit, is he making you pay for the round of golf?

Lunch and drinks are on me, but golf is the easy part, we're both members at the same club.  One of the perks of living in a smaller community is affordable golf!  Bob, if you have an email that you received from fhaoutreach, or some other source, please fw it to me. 

Well, maybe I need to keep this open a little longer.  As of today, they have still not actually issued the final rule according to HUD.  Any other professionals here want to chime in with what their company is doing?  For the year ended 12/31/2009, if that is your FYE also, you must turn in an audit no later than 4/30/2010.

Curt, the interpretation of the current rule and what has been said by HUD is that any loan correspondent that is approved by FHA in 2009 can continue to originate through 12/31/2010 as long as they have paid their annual fee. FHA connection will automatically update correspondent renewals through the end of the year.

Previous year audits are used for current year recertification. Meaning that the 2009 audit is for a 2010 recert. I have not heard anything that requires brokers to get their 2009 audits done for the 2010 recertification. Everything I have heard and read says that as long as you are approved for 2009, you are good to go (unless you forgot to pay your fee).

I don't completely disagree with you, but I'd feel better about it if someone at FHA could just give me a straight yes or no answer to the question.  Proposed Final Rule is still not final as of today.

Here is the summary of the final rule that was just published.  It answers your question directly.

https://www.namb.org/namb/HUD_Final_Rule_on_FHA-Approval_Eligibility_Now_Ava.asp

Here is what I was really looking for.

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Dear FHA-approved Loan Correspondent:                                                               

       If you have not received any notice (e.g., Notice of Violation,                             

Notice of Administrative Action, etc.) from the Department's                                       

Mortgagee Review Board Secretary and are in good standing, which means                             

you have completed the online certification and electronically                                     

submitted the annual renewal fee for your institution's 2009 fiscal                                

year end, you are now compliant with FHA's annual recertification                                  

requirements for fiscal year 2009.  The submission of an annual                                    

audited financial statement is not required.  Thank you for your