HUD said yesterday it will permit individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service and are legally permitted to work in the U.S. to apply for mortgages backed by FHA.
Tag: FHA
Housing Market Roundup, Jan. 4, 2021
We hope you had an enjoyable holiday break. Here is a summary of some reports that came out over the holidays:
Industry Briefs Dec. 23, 2020
The Federal Housing Administration announced completion of its revised and streamlined loan-level certification form required from lenders when originating a single-family mortgage intended for FHA insurance endorsement.
Industry Briefs Dec. 21, 2020
New American Funding, Tustin, Calif., launched a mentorship program to help team members develop professionally. New American Funding’s “360 Mentorship Program” matches an internal leader with another employee who is pursuing career advancement.
MBA: 3Q Commercial/Multifamily Mortgage Debt Up 1.5%
Commercial/multifamily mortgage debt outstanding rose by $57.0 billion (1.5 percent) in the third quarter, the Mortgage Bankers Association reported this morning.
Dealmaker: NorthMarq Arranges $104M in Multifamily Refis
NorthMarq’s Chicago office arranged $103.5 million to refinance six multifamily assets in Iowa, Missouri and Indiana.
FHA Follows Suit, Raises Single-Family Loan Limits for 2021
As expected, the Federal Housing Administration yesterday matched Fannie Mae and Freddie Mac in its single-family and Home Equity Conversion Mortgage insurance programs for 2021.
Industry Briefs Oct. 23, 2020
Black Knight Inc., Jacksonville, Fla., launched a Customer Service platform that provides an enhanced customer service experience for both customer service representatives and consumers.
Carson: FHA Will Extend Forbearance Requests Through Year-End
HUD Secretary Ben Carson yesterday announced the Federal Housing Administration will extend the date for single-family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer for up to six months.
Dealmaker: Red Mortgage Capital Provides $39M FHA Loan
Red Mortgage Capital, Columbus, Ohio, provided a $39.3 million Federal Housing Administration refinance for Liberty BLVD, a 266-unit apartment community in Salt Lake City, Utah.