Browsing Tag:Policy

fha-coverage-updates-goal-to-revitalize-chattel-residence-renovation-program
The Federal Housing Administration has released updated policy changes aimed at revitalizing Title I loans for the purchase of prefabricated homes backed by personal property and for home improvement.The changes, which will take effect immediately and become mandatory for loans taken out on or after May 9, 2022, include measures that are intended to facilitate the conduct of appraisals....
Continue reading
0 Comments
Share
fha-gives-extra-covid-19-forbearance-and-hecm-extensions-proposes-new-covid-associated-modification-coverage-weiner-brodsky-kider-pc
On September 27, 2021, the Federal Housing Administration (FHA) announced additional COVID-19 relief for borrowers. In the Mortgagee Letter (ML) 2021-24, the FHA issued a new forbearance relief, granting borrowers up to six months of deferral for those who made their first such COVID-19 omission between October 1, 2021 and the end of the national COVID- 19-apply in...
Continue reading
0 Comments
Share
ae-mlo-jobs-jumbo-non-qm-retention-los-merchandise-fhfas-welcomed-coverage-pause-on-restrictions
AE, MLO Jobs; Jumbo, Non-QM, Retention, LOS Products; FHFA's Welcomed Policy Pause on RestrictionsHow ‘bout some random Q&A for Hump Day? Did you know that almost 2,400 of your co-workers are already registered for the National MBA conference next month in San Diego? A company is working to bring back the wooly mammoth? (What could possibly go wrong with...
Continue reading
0 Comments
Share
coverage-fee-adjustments-takes-time-to-maneuver-mortgage-charges
The Reserve Bank of New Zealand (RBNZ) released its analysis early Monday morning in Asia on how changing policy rates could affect the real estate market.Important quotes (from Reuters)Changes in the key rate take about six months to have a significant impact on mortgage rates.A 1% change in Official Interest Rate (OCR) moves the average two-year mortgage rate by...
Continue reading
0 Comments
Share
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...
Continue reading
0 Comments
Share
fha-and-gses-prolong-forbearance-coverage-and-foreclosures-moratoriums-weiner-brodsky-kider-pc
FHA, Fannie Mae, and Freddie Mac recently released COVID-19 related updates regarding maintenance. The FHA published the 2021-15 Mortgage Letter, Freddie Mac published the 2021-23 Bulletin, and Fannie Mae updated the 2021-02 Lender Letter, all of which extend the previously announced moratoria on foreclosure through July 31, 2021 foreclosure actions, including foreclosure sales, initiating a judicial or extrajudicial...
Continue reading
0 Comments
Share
modifications-to-fha-residence-mortgage-coverage-scholar-mortgage-debt
The official website of the Department of Housing and Urban Development has released a press release announcing a major revision of the FHA single-family home loan guidelines in HUD 4000.1, which discusses how a participating FHA lender should consider student loan debt as part of the loan approval process .Prior to the release of HUD 4000.1, the FHA Single...
Continue reading
0 Comments
Share
fha-senior-housing-official-talks-reverse-mortgage-updates-coverage-priorities
While the U.S. Department of Housing and Urban Development (HUD) holds many key leadership roles that remain to be filled as the nation approaches the 100th day of the Joe Biden administration - including the critical roles of the Federal Housing Administration Commissioner ( FHA) and Deputy HUD Secretary - Currently, the FHA senior agency is part of the...
Continue reading
0 Comments
Share
12