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More than 300 FHA loans originated by Hometown had unpaid MIP's, according to a number of filings by state housing regulators.
December 4 -
The incentives are part of a broader set of Federal Housing Administration servicing changes for Home Equity Conversion Mortgages that also offers some new options for procedures.
December 1 -
Under the proposal, the maximum allowable rehabilitation costs for the agency's limited program will rise to at least $50,000 to account for increases in repair expenses.
November 29 -
Initial industry reactions to the redrafted strategy for reducing distressed borrower payments in a higher rate environment were largely positive.
November 22 -
Because the measure of the insurance fund's soundness remained well above its target, trade groups asked whether the cost of coverage could be further reduced.
November 15 -
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