MISMO Aligns With FHA

The Mortgage Industry Standards Maintenance Organization, a subsidiary of the Mortgage Bankers Association, has formed an alliance with the Federal Housing Administration.MISMO said the purpose of the alliance is the development and publication of government standards for data and electronic mortgage transactions involving government entities within MISMO's framework and using its infrastructure. The FHA will join MISMO's Government Housing Workgroups, which are being developed with the help of Ginnie Mae, a MISMO ally since last fall. Members of the Government Housing Workgroups are expected to include representatives of interested government entities (starting with Ginnie Mae and the FHA) and private-sector companies. MISMO can be found on the Web at http://www.mismo.org.