The Federal Housing Administration today announced that it will finance single-family home loans for energy-efficiency retrofitting, provided those loans preserve payment priority for first-lien mortgage holders.
ABA today issued a bank members-only staff analysis of the Federal Housing Administration’s proposed rule limiting the window under which an FHA-approved lender would be able to file a mortgage insurance claim.
The Federal Housing Administration yesterday proposed a rule that would limit the window under which an FHA-approved lender would be able to file a mortgage insurance claim.
The Federal Housing Administration last week posted a new “defect taxonomy” that explains how the agency will categorize loan defects found in the single family loans it guarantees. The guidelines are part of FHA’s quality assurance efforts following several cases where lenders were forced to absorb losses on FHA loans with faulty underwriting. The taxonomy
First Tennessee Bank admitted to originating and underwriting loans that were not eligible for Federal Housing Administration insurance.