The Federal Housing Administration on Wednesday announced new policies that will allow for faster payment of funds to mortgagees when they assign a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, to HUD.
Tag: FHA
FHA Seeks Feedback on ‘Granny Flats’ Affordable Financing Access
The Federal Housing Administration this week issued a draft proposal seeking feedback to its requirements for insuring mortgages on single-family homes with Accessory Dwelling Units, popularly known as “granny flats.”
Industry Briefs Apr. 14, 2023: FHA Extends COVID-19 Forbearance, HECM Extension Policies through May 31
The Federal Housing Administration published Mortgagee Letter 2023-08: Extension for COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage Extensions, setting May 31 as the final date for borrowers requesting a COVID-19 forbearance or a COVID-19 Home Equity Conversion Mortgage Extension.
Industry Briefs Apr. 7, 2023: HUD Extends AFFH Proposed Rules Comment Period by 2 Weeks
HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.
Government Roundup: FHA Publishes 40-Year Loan Mod Final Rule; CFPB Targets ‘Junk Fees’
In this week’s Government Roundup, FHA published a final rule that would permit 40-year terms for loan modifications; and the Consumer Financial Protection Bureau released a special edition of its Supervisory Highlights targeting allegedly unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student and payday lending.
Industry Briefs Mar. 3, 2023: Fitch Ratings Says FHA Premium Cuts ‘Credit Neutral’ for Private Mortgage Insurers
Fitch Ratings, New York, said recently announced reductions in the Federal Housing Authority mortgage insurance premium rates are not expected to have a meaningful credit impact on private U.S. mortgage insurance carriers.
(#MBAServicing23) Government Agencies Stress Flexibility
ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.
(#MBAServicing23) FHA Announces 30bp Reduction in Mortgage Insurance Premiums
ORLANDO–The Federal Housing Administration announced here at the MBA Servicing Solutions Conference & Expo that it will reduce the mortgage insurance premiums it charges home buyers for its mortgage insurance.
(#MBAServicing23) Government Agencies Stress Flexibility
ORLANDO—Representatives of government agencies here at the Mortgage Bankers Association’s Servicing Solutions Conference & Expo stressed their agility in addressing key issues facing mortgage servicers.
#MBAServicing23: FHA Announces 30bp Reduction in Mortgage Insurance Premiums
ORLANDO–The Federal Housing Administration announced here at the MBA Servicing Solutions Conference & Expo that it will reduce the mortgage insurance premiums it charges home buyers for its mortgage insurance.