The Federal Housing Administration this week published Mortgagee Letter 2022-07, Update to the COVID-19 Recovery Loss Mitigation Options, which adds to FHA’s COVID-19 Recovery Loss Mitigation Options, a loan modification with a 40-year term used together with a partial claim.
Tag: FHA
To the Point with Bob: Reducing FHA’s MIP
In the latest edition of To the Point with Bob, MBA President & CEO Bob Broeksmit, CMB, outlines MBA’s support of a reduction in the FHA Mortgage Insurance Premium set by HUD.
To the Point with Bob: Reducing FHA’s MIP
In the latest edition of To the Point with Bob, MBA President & CEO Bob Broeksmit, CMB, outlines MBA’s support of a reduction in the FHA Mortgage Insurance Premium set by HUD.
FHA Proposes 40-Year Loan Modification Rule
The Federal Housing Administration on Friday published a proposed rule that would increase the maximum modification loan term limit from 360 months (30 years) to 480 months (40 years).
FHA Proposes 40-Year Loan Modification Rule
The Federal Housing Administration on Friday published a proposed rule that would increase the maximum modification loan term limit from 360 months (30 years) to 480 months (40 years).
Industry Briefs Mar. 16, 2022: Wolters Kluwer to Acquire IDS
Wolters Kluwer Governance, Risk & Compliance, Minneapolis, signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc., Draper, Utah, a provider of compliance and document generation software platforms for the mortgage and real estate industry, for $70 million in cash.
Industry Briefs Mar. 1, 2022: Arch MI: Home Price Growth to Slow in 2022
Home sales, which increased more than 6% in 2021 to a 15-year high, will remain strong this year — supported by solid demographic trends and an expected increase in homes for sale, according to the winter edition of The Housing and Mortgage Market Review from Arch Mortgage Insurance Co., Greensboro, N.C.
MBA Advocacy Update Feb. 22 2022
Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.
HUD Removes Temporary COVID-19 Underwriting Guidelines for Multifamily Transactions
HUD on Monday announced it would remove temporary COVID-19 underwriting guidelines for multifamily transactions under Section 223(f) of the National Housing Act, a move commended by the Mortgage Bankers Association.
Industry Briefs Jan. 4, 2022: Firstsource Solutions Acquires American Recovery Services Inc.
Firstsource Solutions Ltd., Mumbai, India, a global provider of business process management services, entered into an agreement to acquire American Recovery Services Inc., a nationwide legal collections network headquartered in southern California.