MBA’s President and CEO Bob Broeksmit, CMB, issued a statement regarding the Federal Housing Administration’s release of its annual report to Congress.
Tag: FHA
FHA Releases New Draft ML on Cyber Incident Reporting; Letter Includes Adjustments Closer to MBA Suggestions
The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table. It provides updated requirements for when FHA-approved mortgagees must notify the Department of Housing and Urban Development when a reportable cyber incident occurs.
FHA Seeks Feedback on Proposal to Modernize Engagement with Borrowers in Default By Sept. 13
The Federal Housing Administration on Wednesday posted a draft Mortgagee Letter about modernizing engagement with borrowers in default. The agency seeks review and feedback.
FHA Publishes Rule Regarding Modernizing Engagement with Borrowers in Default
The Federal Housing Administration on Friday published a final rule, Modernization of Engagement with Mortgagors in Default, in the Federal Register.
To the Point With Bob–Mortgage Servicers: Diligently Serving Borrowers Through Constant Change
Mortgage servicers have a vital function in the mortgage market and the wider economy, writes MBA President and CEO Bob Broeksmit, CMB.
ICE Mortgage Technology’s Vicki Vidal and Haris Jusic: What You Need to Know About the FHA’s Payment Supplement
During the COVID-19 pandemic, when rates remained low, the FHA streamlined its home retention loss mitigation options and provided relief for nearly 1.9 million borrowers. Despite these efforts, the current climate of high mortgage interest rates poses challenges for initiating loan modifications.
FHA Commissioner Gordon Announces New Loss Mitigation Option: #MBAServicing24
ORLANDO–Loss mitigation made news last week at MBA’s Servicing Solutions Conference & Expo 2024.
MBA Statement on FHA’s New Loss Mitigation Option
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Administration’s (FHA) Payment Supplement, a new loss mitigation alternative to a traditional loan modification:
FHA’s Julia Gordon on 2024 Priorities at #MBACREF24
SAN DIEGO–Getting policies to the finish line–and what could hold that up–was the big theme from a discussion between Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner at HUD, and MBA President and CEO Bob Broeksmit, CMB, here Feb. 13.
MBA NewsLink Q&A: Donna Schmidt of DLS Servicing on the FHA Loss Mitigation Waterfall
MBA NewsLink spoke with DLS Servicing’s Donna Schmidt on the FHA loss mitigation waterfall.