FHA Establishes New, Streamlined COVID-19 Recovery Loss Mitigation Options

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.

Industry Briefs July 26, 2021

NotaryCam, Newport Beach, Calif., partnered with RUTH RUHL P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization.

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.

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.

People in the News July 22, 2021

Evolve Mortgage Services, Frisco, Texas, hired Tim Anderson as executive vice president and director of eMortgage strategy, to oversee further deployment of its digital closing platform.

May New Home Sales Disappoint

New home sales tumbled by nearly 6 percent in May—and the report revised downward the previous three months’ statistics, HUD and the Census Bureau reported Wednesday.

May Housing Starts Seesaw Back on Track

One step back; one step forward. Housing starts have alternated between up and down during 2021, and in keeping with the pattern, improved in May after declining in April, HUD and the Census Bureau reported Wednesday.