source:
  type: guide
  id: hud-4000-1-v-d-monitoring-of-secondary-financing-program-participants
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring
    of Secondary Financing Program Participants (03/14/2016)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring
    of Secondary Financing Program Participants (03/14/2016).
  coverage_tier: operative
obligations:
- id: hud-4000-1-v-d-monitoring-of-secondary-financing-program-participants-full
  canonical_id: hud-4000-1-v-d-monitoring-of-secondary-financing-program-participants-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring
    of Secondary Financing Program Participants (03/14/2016)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part V — d. Monitoring
      of Secondary Financing Program Participants (03/14/2016)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: d. Monitoring of Secondary Financing Program Participants (03/14/2016)
      FHA will review second lien performance. HUD-approved Nonprofit Mortgagees must
      identify second liens and their performance. Additional Documentation Required
      for Review Upon request, the Governmental Entity or nonprofit must provide copies
      of fully executed Closing Disclosures or similar legal documents, and recorded
      secondary financing documents. V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE
      D. Monitoring of Other Participants
  judgment: false
