The Federal Housing Administration on Friday published Mortgagee Letter 2021-18, COVID-19 Recovery Loss Mitigation Options. The ML outlines assistance for homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options.
Tag: FHA
MBA, Trade Groups Urge HUD to Address FHA Affordable Housing Delays
The Mortgage Bankers Association and a dozen industry trade groups urged HUD to address “severe processing delays” that are impeding financing of affordable housing in the Federal Housing Administration multifamily and healthcare programs.
Industry Briefs July 6, 2021
The Federal Housing Finance Agency issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and provides a foundation for building out FHFA’s fair lending program.
MBA Letter Urges Senate Support of Julia Gordon Nomination as FHA Commissioner
The Mortgage Bankers Association urged the Senate Banking Committee to quickly approve Julia Gordon’s nomination as FHA Commissioner and forward her nomination for a full Senate vote.
Biden Administration Nominates Julia Gordon as FHA Commissioner; Dave Uejio as HUD Assistant Secretary
The Biden Administration on Friday nominated Julia Gordon as FHA Commissioner and announced Dave Uejio, who has been serving as Acting Director of the Consumer Financial Protection Bureau, has been nominated as HUD Assistant Secretary for Fair Housing and Equal Opportunity.
MBA Statement on Changes to FHA’s Calculation of Student Debt
Statement by MBA President and CEO Bob Broeksmit, CMB, regarding the announced changes to FHA’s calculation of student debt:
Industry Briefs May 21, 2021
Quicken Loans, Detroit, announced it will officially change its name to Rocket Mortgage on July 31. This change will bring alignment to the overall “Rocket” brand.
MBA Urges House Support of Bill Expanding Appraiser Practices
The Mortgage Bankers Association sent a letter this week to House leadership, urging support for legislation that would allow more appraisers practicing in the field today to become eligible to conduct real estate evaluations on properties subject to mortgages insured by the Federal Housing Administration.
Industry Briefs May 3, 2021
The Consumer Financial Protection Bureau took action against Nationwide Equities Corp. for sending deceptive loan advertisements to hundreds of thousands of older borrowers.
Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.