Credit Report Process Updates for Multifamily Housing Programs

Discover the USDA’s new proposed changes to the credit report process within its Multifamily Housing Programs. This course outlines the shift towards a more efficient application system by requiring applicants to provide their own credit reports, thus aligning with industry standards and reducing administrative complexities. Gain insights into the potential impacts these updates will have on applicants and borrowers.

In this course you will learn the following:
* Understand the purpose and intent of the proposed rule changes.
* Recognize the opportunities for public participation and feedback.
* Identify the potential changes and their implications for applicants and borrowers.