Browsing Tag:Policies

fha-points-non-permanent-partial-waivers-to-its-hecm-insurance-policies-weiner-brodsky-kider-pc
The FHA approved on 2. The temporary partial waivers apply to Mortgagee Letter 2015-11 and Mortgagee Letter 2016-07 and are valid until June 30, 2022.The Mortgagee Letter 2015-11 waiver enables mortgage holders to offer HECM borrowers amortization plans with unpaid real estate fees, regardless of their total outstanding arrears. The 2016-07 mortgage letter waiver allows mortgage creditors to...
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fha-releases-up-to-date-webinar-on-covid-19-loss-mitigation-insurance-policies-weiner-brodsky-kider-pc
The FHA recently announced that it has made a pre-recorded webinar available that further breaks down their guidelines outlined in Mortgagee Letter 2021-15 (ML 21-15), which WBK previously covered here. In ML 21-15, the FHA extended the existing foreclosure and eviction moratoriums on all FHA-insured mortgages through July 31, 2021, with the exception of FHA-insured mortgages backed by...
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bidens-fha-updates-to-scholar-mortgage-debt-insurance-policies-are-anticipated-to-assist-college-students-with-excellent-loans-qualify-for-fha-mortgage-financing
Congress created the Federal Housing Administration (FHA) in 1934. The FHA became part of the Office of Housing of the Department of Housing and Urban Development (HUD) in 1965. File photo: DC Stock Photography, Licensed by Shutterstock.com. WASHINGTON, DC - Thanks to changes the Biden Administration made to federal mortgage loan regulations, individuals who owe a student...
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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-revises-normal-single-household-servicing-insurance-policies
The Federal Housing Administration (FHA) on Monday announced updates to its single-family home handbook aimed at strengthening harm reduction approaches for ailing borrowers while streamlining servicer needs."The update of the FHA Maintenance and Loss Mitigation section of the FHA Single Family Home Policy Guide streamlines many standard operational requirements for mortgage service providers, including revising the FHA Damage Mitigation...
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fha-extends-foreclosures-moratoriums-and-different-covid-19-associated-insurance-policies-weiner-brodsky-kider-pc
The FHA recently extended several temporary provisions and exemptions to mitigate the impact of the COVID-19 pandemic on borrowers insured by the FHA. These extensions include, among others: the extension of the foreclosure and eviction moratorium on foreclosures of real estate secured by FHA-insured single-family mortgage loans (excluding vacant or abandoned real estate) until February 28, 2021; extending the approval...
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