Browsing: Mortgage insurance

Mortgage

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.

Mortgage

The Department of Housing and Urban Development’s proposal limiting the window under which an FHA-approved lender would be able to file a mortgage insurance claim is unworkable and should be withdrawn, ABA wrote in a comment letter Friday. Under the proposal, lenders would be required to file a claim within three months of securing title