U.S. Department of HUD, New York ASC, New York Contracting Branch (2AACO), 26 Federal Plaza, Room 35-120, New York, NY 10278-0068

R -- DIRECT ENDORSEMENT TECHNICAL REVIEW (MORTGAGE CREDIT) SOL HO2-B-96-0-733 DUE 121895 POC Sally Rosen, Contract Specialist, (212) 264-8000 x 3317. Modification 1 to synopsis which appeared 10/31/95 is to: 1) include reviews for 234 (condominium) loans; 2) insert that a detailed review includes input into the CHUMS system; 3) correct the performance requirement as follows: All reviews are to be completed and returned to the New York field office within four (4) working days of receipt. The prior notice stated ''... three (3) working days...'' 4) insert that the contractor must have a minimum of three (3) years full-time recent experience underwriting FHA insured mortgages. NO OTHER CHANGES TO ORIGINAL SYNOPSIS. (0311)

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