The Federal Housing Administration last 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.”
Tag: Federal Housing Administration

FHA Seeks Input on 203(k) Rehab Mortgage Insurance Program
The Federal Housing Administration last week published a Request for Information in the Federal Register seeking public comments on ways it can enhance its Single-Family 203(k) Rehabilitation Mortgage Insurance Program.

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).

FHFA, FHA Extend Single-Family Eviction Moratoria through Sept. 30
The Federal Housing Finance Agency and the Federal Housing Administration on Friday extended their eviction moratoria through Sept. 30 for foreclosed borrowers and other occupants.

FHA Proposes Private Flood Insurance Option for Single-Family Mortgages
The Federal Housing Administration last week published a proposed rule to allow a private flood insurance option, instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA.