Browsing Tag:Waivers

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-points-new-waivers-for-reverse-mortgage-debtors-impacted-by-pandemic
The Federal Housing Administration (FHA) announced Thursday that it has issued two partial waivers that will apply to the Home Equity Conversion Mortgage (HECM) program due to the ongoing impact of the COVID-19 coronavirus pandemic.These waivers allow borrowers to screen for future repayment schedules for unpaid real estate fees regardless of the total outstanding amount that has not yet...
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fha-declares-waivers-to-the-evaluate-necessities-for-covid-advance-mortgage-modification-weiner-brodsky-kider-pc
On August 5, 2021, the FHA issued the following waivers: (1) Partially waiving the borrower screening requirements for their COVID-19 Advance Loan Modification; and (2) partial waiver of reconsideration of borrower requirements for COVID-19 mitigation recovery options. The waivers cover the mortgage holder's timeframe and the borrower's eligibility for any required review or re-examination for the COVID...
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