The Federal Housing Administration issued a final rule today providing greater flexibility for individual condominium owners to obtain an FHA-insured mortgage.
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 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.
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.
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.
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.
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.
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.
With the government shutdown entering its third week, mortgage lending and servicing operations are being affected.