ICBA Backs HUD Reporting Exemption for Community Bank Lenders: Eliminating Paperwork Burden Will Promote Continued …

The Independent Community Bankers of America (ICBA) welcomes a recently released Department of Housing and Urban Development (HUD) policy exempting small community banks from Federal Housing Administration (FHA) paperwork burdens. The new HUD update eliminates a regulatory mandate requiring small FHA lenders to submit internal control and compliance reports completed by an outside auditor ...