FHA formalizes use of alternative credit scoring models
FHA published a mortgagee letter to formalize the use of VantageScore 4.0 and FICO Score 10T alongside Classic FICO to ...
Tag: FHA
ABA, associations urge housing agencies to seek uniformity in appraisal modernization
As they seek to implement appraisal modernization legislation passed by Congress, the most efficient approach for federal housing agencies would ...
ABA urges FHA to revise RAP demonstration before launch
ABA expressed support for FHA's proposed voluntary Reinstatement Advance Payment, or RAP, demonstration, but also offered several recommendations to ensure ...
ABA, associations urge FHA to provide clear language about eligibility for VA loan terms
ABA joined five associations in urging the Federal Housing Administration to provide clear language about eligibility for VA loan terms, ...
FHA seeks feedback on partial claim repayment demonstration
The Federal Housing Administration has released a draft mortgagee letter proposing a Reinstatement Advance Payment Demonstration that would provide a ...
ABA, associations: FHA minimum property requirements hurt access to affordable mortgages
The Federal Housing Administration should align its minimum property requirements with those used by Fannie Mae and Freddie Mac, which ...
FHA ends field review requirement for certain mortgages
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages, ...
HUD to keep tri-merge credit report requirement for FHA loans
The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and ...
ABA, associations offer recommendations for streamlining FHA financing
As part of a recent Trump administration push to expand access to mortgage credit, the Federal Housing Administration should modernize ...
Minority banks and mortgages
How MDIs power the American dream amid an affordability crisis.
