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The Federal Housing Administration has a floated modernized policy that could permanently replace the temporary one but was asked for more implementation time.
November 6 -
The seizure of servicing from Reverse Mortgage Funding's bankruptcy has had ripple effects ranging from a private legal challenge to broader policy changes.
November 2 -
Expected income earned through rental of the units will be considered in underwriting for FHA-backed mortgages and rehabilitation loans.
October 16 -
Current affordability challenges appear to have spurred the Department of Housing and Urban Development affiliate to rectify a concern dating back to 1990.
September 11 -
The Department of Housing and Urban Development would permanently allow servicers to use online and remote communications to establish borrower contact, as they did during the pandemic.
July 31 -
The fact that rates are higher than they were at origination for many distressed borrowers has made it tough to lower payments and this new type of partial claim may help.
June 1 -
The Trump administration official announced that she will step into the role of senior adviser to the House Financial Services Committee.
May 19 -
Volume climbed up to $13.3 billion from $8 billion in February, per Polygon Research's report.
May 11 -
Taking a second look at those who were denied credit is very costly for lenders under the FHA's antiquated rules, writes the Chairman of Whalen Global Advisors.
April 25Whalen Global Advisors LLC -
The proposal is out for comment through May 1, and the initial mortgage lender reaction is that the measure could be helpful with remote work and budgeting.
March 3