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.
The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2019, the agency said today
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.
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.
The Senate yesterday voted to confirm Brian Montgomery as head of the Federal Housing Administration.
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.