FHA adds preferred language, education requirement to mortgage originations
The Federal Housing Administration announced that it will require lenders to submit information about borrowers’ preferred language and any housing ...
Tag: FHA
FHA proposes new tool for struggling homeowners
FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring ...
FHA publishes 40-year loan modification final rule
The rule allows increasing the maximum term of a loan modification from 360 to 480 months for FHA-insured mortgages after ...
FHA proposes changes to lender requirements for review of appraisal requests
This draft also proposes updated appraisal review standards intended to provide mortgagees and appraisers with clarifying guidance regarding the quality ...
FHA to consider positive rental history in mortgage eligibility
In its new policy, FHA considers positive rental payment history as the on-time payment of all rental payments in the ...
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
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
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
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
Following misunderstanding about Freddie Mac's rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development ...
