ABA supports FHA’s proposed 40-year mortgage modification

By significantly lowering the monthly payments for the borrower, more homeowners would have the ability to retain their homes after ...

FHA offers 40-year mortgage modification, seeks public comment to make it permanent

Mortgage

April 18, 2022

The Federal Housing Administration added a 40-year mortgage modification option to assist borrowers who are behind on their mortgage payments for ...

Banking, Consumer Groups Call for Changes to FHA’s Proposed Defect Taxonomy

Newsbytes

January 28, 2022

The American Bankers Association, the Housing Policy Council and the Mortgage Bankers Association today offered comments on recent proposed changes ...

FHA Proposes Changes to Defect Taxonomy

Mortgage

November 5, 2021

The Federal Housing Administration in recent days posted draft updates for comment on the defect taxonomy for servicing loan reviews, ...

Freddie Mac Clarifies Group Home Mortgage Purchase Policies

ABA Banking Journal

September 22, 2021

Following misunderstanding about Freddie Mac's rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development ...

FHA Updates Single Family Housing Policy Handbook

Mortgage

April 20, 2021

The Federal Housing Administration this week announced updates to its Single Family Housing Policy Handbook 4000.1 that address servicing and ...

ABA, Trade Groups Weigh in on Proposed Changes to FHA Servicing Handbook

Mortgage

September 14, 2020

The American Bankers Association joined the Housing Policy Council and the Mortgage Bankers Association in a comment letter to the ...

HUD Issues Guidelines for Underwriting FHA Loans to Borrowers with Forbearances

Mortgage

September 14, 2020

The Department of Housing and Urban Development last week issued underwriting guidelines for borrowers who have been previously granted forbearance ...