The mortgage industry is once again clamoring for FHA to cut its mortgage insurance premiums or to at least offer clarity on its plans to address its overcapitalized Mutual Mortgage Insurance Fund.
FHA loans can make homebuyers less competitive in a tight housing market, according to a report from the National Association of Hispanic Real Estate Professionals.
Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
Potential owner-occupants, along with nonprofits and government entities, will soon get more time to bid on HUD real estate-owned single-family homes before they are available to investors.