Browsing Tag:Family

fha-single-household-pronounces-fha-catalyst-single-household-default-monitoring-system-sfdms-reporting-module-weiner-brodsky-kider-pc
On September 13, 2021, HUD published Mortgage Letter (ML) 2021-21, FHA Catalyst: Single Family Default Monitoring System (SFDMS) Reporting Module. The ML announces the transition from FHA Connection (FHAC) to the FHA Catalyst system for reporting overdue FHA Title II Single Family Forward Mortgages in SFDMS. The FHA assures that the new module improves the data integrity...
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fha-provides-revised-reverse-mortgage-program-steering-to-single-household-drafting-desk
The Federal Housing Administration (FHA) announced Wednesday that it has released the Draft Home Equity Conversion Mortgage (HECM) Origination through Servicing sections of its Single Family Housing Policy Handbook 4000.1 for Program Participant Review and the agency a review for the proposed consolidations . This is according to FHA INFO # 21-81 which is being distributed directly to...
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fha-publishes-updates-to-single-household-housing-handbook-4000-1
The Federal Housing Administration (FHA) announced Tuesday that it has updated a variety of sections of Single Family Home Policy Handbook 4000.1 to include improvements and revisions to existing guidelines, as well as changes to a variety of technicals. In most cases, this newly added language complements and enhances the existing policy, according to an announcement by the...
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hud-broadcasts-november-single-household-word-sale-made-up-of-reverse-mortgage-properties
The U.S. Department of Housing and Urban Development (HUD) announced Thursday that it passed away on 10th of the borrower and not survived from a non-borrowing spouse (NBS)."On November 10, 2021, HUD will offer several residential real estate mortgage pools consisting of around 1,700 bonds and a loan balance of around $ 417 million," HUD describes in the event...
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fha-updates-single-household-coverage-handbook-4000-1
At the end of July, the Federal Housing Administration (EFH) made several important revisions to the Manual for Single Parent Family Policy 4000.1. The new guidelines are part of a series of changes recently announced by the Biden-era FHA, including guidelines on options to mitigate COVID-19 recovery losses. The agency describes the changes mainly as "enhancements and...
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new-fha-das-of-single-household-housing-offers-hecm-program-replace
Federal Housing Administration (FHA) Assistant Assistant Secretary (DAS) for Single Family Homes Julienne Y. Joseph gave a briefing on the performance of the Home Equity Conversion Mortgage (HECM) program at National Reverse Mortgage this week in front of an audience of virtual reverse mortgage experts Summer meeting of the Lenders Association (NRMLA).While he mentioned that the endorsement volume remained...
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fha-proclaims-revised-single-household-dwelling-mortgage-insurance-policies
Since the pandemic and COVID-19 mitigation efforts began, American homeowners have felt the effects of job losses, layoffs, vacation and other difficulties related to coronavirus quarantine issues. Many of those with FHA home loans, FHA refinances, and other loans have had to take steps to avoid foreclosures because of these economic difficulties. Fortunately, agencies like the FHA and the...
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fha-extends-choices-for-single-household-debtors-financially-impacted-by-covid-19
WASHINGTON, DC - The Federal Housing Administration (FHA) recently announced that it would extend the foreclosure and eviction moratorium on FHA-insured single-family mortgages for an additional two months through February 28, 2021.The FHA is also extending until February 28, 2021, the deadline for single-family borrowers on FHA-insured mortgages to require their mortgage servicer to provide an initial COVID-19 forbearance...
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fha-pronounces-new-single-household-mortgage-limits-for-2021
The Federal Housing Administration (FHA) announced the agency's new credit limits schedule for calendar year 2021 for its forward and home equity conversion (reverse) mortgage insurance programs for Single Family Title II. Credit limits for most of the country are set to increase in the coming year due to a robust appreciation in house prices that is reflected...
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