Form Hud-92426 - Multifamily Default Status Report

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Multifamily
U.S. Department of Housing
OMB Approval Nos. 2502-0041 (exp. 6/30/2013)
and Urban Development
Default Status Report
Office of Housing
Federal Housing Commissioner
Mortgagees for all HUD’s multifamily insurance programs are required to notify HUD where a mortgage payment is more than 30 da ys past due. This
report triggers HUD's negotiation with the mortgagor, and an assignment of acquisition will result if HUD and the mortgagor do not plan for reinstating the
loan. This collection of information is authorized under Section 207 of the National Housing Act. The information is used to monitor mortgage compliance
with HUD loan servicing procedures and assignments and to avoid mortgage assignments. This information is required to obtain benefits. If information
is not collected HUD would not be able to monitor mortgagee compliance with the loan servicing and default prevention requirements. The information
is considered confidential. While no assurances of confidentiality is pledged to respondents, HUD generally discloses this data only in response to a
Freedom of Information request.
Public Reporting Burden for this collection of information is estimated to average 10 minutes per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is required to
obtain benefits. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB Control Number.
Part I — General Information
a-Initial Notice of Default
b-Update on Default Status
c-Reinstatement
1. Date of Report
2. Purpose (check one)
d-Election to Assign or Acquire
e-Withdraw Prior Election
Insured
3. Project Name
4. FHA Project Number
5. Mortgagee Project Number
6. Sec. of Act
Coinsured
Mortgagee
Mortgagor and Management Agent
7.
8.
9. Principal Balance
7a. Lender's Name
8a. Mortgagor Entity
$
10. Interest Rate
%
Account Balances
7b. Servicer's Name
8b. Management Agent
11.
11a. Replacement Reserve
$
7c. Person to Contact
8c. Person to Contact
11b. Residual Receipts
$
11c. Other Reserves
7d. Contact Phone Number
8d. Contact Phone Number
$
Area Code
Area Code
Telephone
11d. Misc. Escrow
$
Part II — Status of Default
1. Default Type (check)
8. Default History
7. Breakdown of Delinquency
Fiscal
Has mortgage been in default before?
Amount of
Regular Monthly
Covenant
Yes
No
Delinquency
Item
Payment
If yes, give date mortgage was reinstated.
2. Default Date
MM
DD
YYYY
$
MIP
$
MM
DD
YYYY
$
Taxes
$
3. Last Payment Received Date
MM
DD
YYYY
9. Mortgagee Generally Pays Between
Special
1st thru the 5th
$
Assessments
$
6th thru the 16th
4. Amount of Last Payment
17th thru the 30th or 31st
$
Insurance
$
$
$
Interest
$
5. Last Mortgagee Inspection Date
MM
DD
YYYY
$
Principal
$
6. Last Escrow Analysis Date
Replacement
MM
DD
YYYY
$
Reserve
$
$
Other
$
$
Total
$
0.00
0.00
On the initial report, attach a narrative describing: 1) cause of default; 2) prospects for reinstatement; and 3) any discussions you and the mortgagor have had
regarding the cause of default.
HUD Field Office Use Only. Identify the cause(s) of default. To do so, use the default codes shown in the MIDLIS Reporting Handbook. Enter a maximum of
three codes in order of importance. For covenant defaults, always enter “K” as the first code.
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2
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form HUD-92426 (1/2010)
Page 1 of 3
Previous editions are obsolete
ref Handbook 4566.2

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