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U. S. Department of Housing and Urban Development
                  Washington, D.C. 20410-8000
 
                          May 14, 1998
 
OFFICE OF THE ASSISTANT SECRETARY
FOR HOUSING-FEDERAL HOUSING COMMISSIONER
 
MORTGAGEE LETTER 98-21
 
TO: ALL APPROVED MORTGAGEES
 
SUBJECT:  Single Family Loan Production-Extension of Time for
            Disaster Victims of Severe Flooding in North Dakota
            to Apply for Section 203(h) Mortgage Insurance
 
    This Mortgagee Letter is to advise you of actions taken by
the Department to assist victims of severe flooding in North
Dakota.  Currently, 24 CFR 203.18(e)(3) requires the application
for mortgage insurance under Section 203(h) to be filed within
one year following the Presidential declaration of a disaster.
The President's declaration of a major disaster for this area was
signed on April 7, 1997.  Due to the extent of the damage and the
fact that many families are still living in temporary housing,
the Department has decided to extend the period for victims of
this disaster to apply for Section 203(h) mortgage insurance to
October 7, 1998.
 
     If you have any questions, please contact your local HUD
Office or Homeownership Center.
 
Sincerely yours,
 
Art Agnos
Acting General Deputy Assistant
Secretary for Housing-Federal
Housing Commissioner

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