With the government shutdown entering its third week, mortgage lending and servicing operations are being affected.
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FHA Announces New Loan Limits for 2019
The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2019, the agency said today
Read More »HUD Report: Mutual Mortgage Insurance Fund Exceeded Statutory Capital Ratio in 2018
The Federal Housing Administration’s Mutual Mortgage Insurance Fund reached a capital ratio of 2.76 percent, exceeding its minimum statutory requirement of 2 percent, according to the FHA’s 2018 annual report to Congress.
Read More »FHA to Require Second Appraisal for Some Reverse Mortgages
The Federal Housing Administration released guidance to issuers of FHA-insured reverse mortgages today stating that the agency may require a second appraisal when a risk assessment does not support the figure reached by the first appraisal.
Read More »Senate Confirms Brian Montgomery as Head of FHA
The Senate yesterday voted to confirm Brian Montgomery as head of the Federal Housing Administration.
Read More »FHA Offers Additional Relief to Borrowers in Disaster Areas
The Federal Housing Administration today announced a new option that allows FHA-insured homeowners whose homes were damaged by recent natural disasters to remain in their homes, and also reduces losses that would otherwise negatively affect FHA’s mutual mortgage insurance fund.
Read More »Delinquencies on GSE Mortgages Tick Up in Wake of Hurricanes
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process ticked up in the third quarter of 2017.
Read More »FHA Announces New Loan Limits for 2018, Blocks PACE Loans
The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2018, the agency said today.
Read More »Reverse Mortgages Drag Down FHA Insurance Fund Performance
The Federal Housing Administration’s reverse mortgage program continues to cause significant drag on the FHA’s mortgage insurance fund, the agency said today.
Read More »HUD’s Carson: Government Should Not Stand in the Way of Lenders
The Trump administration will take steps to ensure that lenders can participate fully in programs offered through the U.S. Department of Housing and Urban Development, HUD Secretary Ben Carson said in remarks yesterday.
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