Data / Federal rules / 2024-17033

Disbursing Multifamily Mortgage Proceeds: Permitting Mortgagees To Disburse Mortgage Proceeds With Mortgagor-Provided Funds

The Housing and Urban Development Department published this proposed rule in the Federal Register on August 6, 2024. Comments closed on October 7, 2024.

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What the agency says

When funds provided by a mortgagor to a mortgagee are not fully disbursed with the initial advance of the insured mortgage proceeds, the proposed rule would permit mortgagees to disburse up to 1 percent of the mortgage amount initially endorsed for insurance before requiring that the funds provided by the mortgagor be disbursed in full. This proposed change would allow mortgagees to pool mortgages into mortgage-backed securities guaranteed by the Government National Mortgage Association prior to the funds provided by the mortgagor being disbursed in full.

Key facts

Document number: 2024-17033
Type: Proposed rule
Action: Proposed rule
Agency: Housing and Urban Development Department
Published: August 6, 2024
Comments due: October 7, 2024
Dates: Comments due October 7, 2024.
Docket: Docket No. FR-6423-P-01
Regulation ID (RIN): 2502-AJ72
Code of Federal Regulations: 24 CFR 200
Topics: Administrative practice and procedure; Claims; Equal employment opportunity; Fair housing; Housing standards; Lead poisoning; Loan programs-housing and community development; Mortgage insurance; Organization and functions (Government agencies); Penalties; Reporting and recordkeeping requirements; Social security; Unemployment compensation; Wages
Pages: 4

The document on federalregister.gov PDF

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Revising the Definition of “Manufactured Home” to Lower Housing Costs 2026-11851	Proposed rule	Jun 12
Revising HUD's Noise Abatement and Control Regulations 2026-11849	Final rule	Jun 12
Regulation for Federal Financial Assistance 2026-10817	Proposed rule	May 29

Everything from the Housing and Urban Development Department · Rules on administrative practice and procedure · Rules on claims · Rules on equal employment opportunity · Published in August 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.