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  • Refinance and ownership of the Reserve for Repalcement and Residual Ac...

    Les, This is a first for me. I have a client who is refinancing their 202 direct loan with a local bank whi...

    2 Agent Answers 0 Community Answers May 17, 2017 09:30AM MDT
  • Major Program Determination - UG

    We are auditing a nonprofit with a HUD loan balance of $900,000 and Section 8 receipts of $300,000. The audit...

    1 Agent Answer 0 Community Answers Apr 04, 2017 05:35PM MDT
  • Mid-Year Distributions Under Old Regulatory Agreement

    Les, I've run into a similar situation for a question that was posed last week on this site regarding ...

    1 Agent Answer 0 Community Answers Mar 28, 2017 10:14AM MDT
  • REAC Inspection Summary Report

    When a REAC Inspection Summary Report is prepared for a Project, does the results have to be included in the A...

    1 Agent Answer 0 Community Answers Mar 27, 2017 01:45PM MDT
  • Management letter

    I have a management letter of nonmaterial noncompliance required to be given to my client - should that be inc...

    1 Agent Answer 0 Community Answers Mar 27, 2017 05:26AM MDT
  • Section 232 Nursing home reserve for replacement

    In the case of a Section 232 HUD property that is leased to a nursing home operating entity, we have a questio...

    1 Agent Answer 0 Community Answers Mar 23, 2017 07:57AM MDT
  • S1000-030 on REAC filing

    We have a non-profit HUD client who is required to have a debt service savings reserve account in accordance w...

    1 Agent Answer 0 Community Answers Mar 20, 2017 07:49AM MDT
  • Surplus Cash - Section 232

    Hi, I have a client that had surplus cash of $80,000 based on the 2016 mid-year calculation. In August 201...

    2 Agent Answers 0 Community Answers Mar 17, 2017 10:04AM MDT
  • Section 223(f) Refinance

    I am performing an audit for a new client that underwent a refinance during 2016 under section 223(f). Procee...

    1 Agent Answer 0 Community Answers Mar 10, 2017 02:30PM MST
  • Amortization of Loan Costs

    New GAAP rule is to combine loan amortization costs with interest. Does HUD want to show it that way in the RE...

    1 Agent Answer 0 Community Answers Mar 03, 2017 02:58PM MST
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