Browsing Tag:Revises

fha-revises-handbook-4000-1-weiner-brodsky-kider-pc
In the latest Handbook 4000.1 Transmittal, FHA announced several updates that include the following highlights:Section I: Clarification of the approval guidelines for mortgage holders and alignment of the guideline language of the manual with the applicable regulations; and Update the requirements for case folder submission for the DE Authority test case phase of Title II.Section II: Update...
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hud-revises-fha-mortgage-citizenship-guidelines
The Department of Housing and Urban Development issued a press release announcing major changes in the way participating FHA lenders handle home loan applications that are completed by individuals who are in the United States but are not US citizens. The amended policy allows a lender to approve FHA home loans for individuals in the United States under 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-revises-single-unit-rental-approval-kinds-for-reverse-mortgages
The Federal Housing Administration (FHA) announced Monday that it has revised two of its forms relevant to condo owners applying for FHA relief in the form of loan programs or certifications: the Condominium / Single Unit Approval Questionnaire and the FHA Condominium Approval Questionnaire. This is evident from the publication of the Mortgagee Letter (ML) 2021-09, which was...
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