FHA Revises Forms: Loan Underwriting and Transmittal Summary, and Addendum to Uniform Residential Loan Application

May 28, 2008

The Federal Housing Administration (FHA) has developed form HUD-92900-LT, FHA Loan Underwriting and Transmittal Summary (LT) to replace both mortgage credit analysis worksheets, HUD-92900-PUR and HUD-92900-WS (MCAWs). Lenders are reminded that they are still responsible for calculating the mortgage amount in accordance with existing FHA statutory requirements and documenting that calculation in the loan origination file. By signing and dating this form (when required) underwriters are providing their final decision to approve the loan application for FHA mortgage insurance. The HUD-92900-LT does not replace but will be used in conjunction with the HUD-92700-WS, the 203(k) Maximum Mortgage Worksheet.