www.hudclips.org 


U. S. Department of Housing and Urban Development
Washington, D.C. 20410-8000

August 7, 1991
OFFICE OF THE ASSISTANT SECRETARY FOR
HOUSING-FEDERAL HOUSING COMMISSIONER
MORTGAGEE LETTER 91-35
          TO:  APPROVED MORTGAGEES
          SUBJECT:  ANNOUNCEMENT OF RECONCILIATION GROUP FOR
                       RISK-BASED PREMIUMS
 
                The U.S. Department of Housing and Urban Development (HUD)
          has selected MGIC Investor Services Corporation (MISC) of
          Milwaukee, Wisconsin as the entity authorized to reconcile and
          resolve discrepancies in the payment of risk-based mortgage
          insurance premiums, described in Mortgagee Letters 91-1 and
          91-26.  To carry out these responsibilities MISC has established
          the FHA Premium Reconciliation Group.
 
                Mortgagee Letter 91-26, Single Family Insurance Processing
          for Risk-Based Mortgage Insurance Premiums, directed mortgagees
          to send the monthly information reports in support of the
          periodic premiums to HUD.  Now that we have selected MISC to
          provide the reconciling service, we are changing that direction
          to send the reports directly to the FHA Premium Reconciliation
          Group with MISC.  Tapes and reports should be sent to:
 
                (for  express mail delivery):
                      FHA Premium Reconciliation Group
                      250 E. Kilbourn Avenue
                      Milwaukee, WI  53202
 
                 (for UPS delivery):
                      FHA Premium Reconciliation Group
                      5151 W. State Street
                      Milwaukee, WI  53208
 
                 (for first-class mail delivery):
                      FHA Premium Reconciliation Group
                      P.O. Box 2933
                      Milwaukee, WI  53201-2933
 
_____________________________________________________________________
 
                                                                    2
 
               HUD expects the first reports to be received between
          September 1, and September 15, 1991.
 
               The FHA Premium Reconciliation Group will be sending
          HUD-approved communications to lenders and will be initiating
          dialogues as dictated by their reconciliations.
 
               If you have any questions you may call 800/342-3042.
 
                                   Sincerely yours,
 
                                   Arthur J. Hill
                                   Assistant Secretary for Housing-Federal
                                      Housing Commissioner