FHA Updates Condominium Rules
The Federal Housing Administration issued a final rule today providing greater flexibility for individual condominium owners to obtain an FHA-insured mortgage.
Browsing: FHA
FHA to Limit Cash-Out Refinances
Noting that FHA endorsements with cash-out refinances have more than tripled since 2013, the Federal Housing Administration moved to reduce the maximum loan-to-value ratio on a cash-out refi mortgage from 85% to 80%.
ABA, MBA Support Making Single-Family Loan Sale Program Permanent
ABA joined the Mortgage Bankers Association in a comment letter to the Department of Housing and Urban Development last week offering feedback on the Federal Housing Administration’s single-family loan sale program.
Trade Groups Weigh in on Changes to Lender Certification Requirements
In a comment letter to the Department of Housing and Urban Development last week, the American Bankers Association joined three other industry groups offering feedback on a recent proposal to make changes to the Federal Housing Administration’s loan-level certification statement and defect taxonomy.
Trade Groups Offer Feedback on Proposed Changes to FHA Lender Certification Requirements
The American Bankers Association joined three other financial and housing trade organizations last week in a comment letter to the Federal Housing Administration offering feedback on proposed changes to its single-family loan and lender-level certifications.
FHA Seeks Feedback on Single-Family Loan Sale Program
The Federal Housing Administration today issued an advance notice of proposed rulemaking seeking public feedback on its single-family loan sale program as it looks to make the program permanent.
FHA Proposes Changes to Lender Certification Requirements
The Federal Housing Administration today issued a proposal making changes to its single-family loan and lender-level certifications in an effort to encourage greater bank participation in the FHA program.
FHA Takes Action to Mitigate Rising Credit Risk in Single-Family Mortgages
Citing rising credit risk in its single-family loan portfolio, the Federal Housing Administration this month reintroduced manual underwriting requirements for single-family mortgages with credit scores under 620 and debt-to-income ratios exceeding 43 percent.
How the Government Shutdown Is Affecting Mortgage Lending
With the government shutdown entering its third week, mortgage lending and servicing operations are being affected.
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