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Home » HUD

Articles Tagged with ''HUD''

As Midterms Approach, Hope Grows for FHA MIP Cut

October 13, 2022
Monica Hogan
The approaching midterm elections have once again sparked debate on when the FHA will announce a reduction in insurance premiums. Will the Biden administration use an MIP cut to stoke Democratic support?
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FHFA Proposes DTS Change for ‘High-Needs’ Rural Areas

October 7, 2022
Dennis Hollier
The regulator proposed a more standard, nationwide definition of “colonia” to make it easier for the enterprises and lenders to identify communities where their activities are eligible for credit under DTS.
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FHA Seeks Industry Feedback on Low-Balance Lending

October 3, 2022
Monica Hogan
FHA’s Title II program provides limits on the maximum loan amount but doesn’t set a floor...
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FHA Adds Rental History to Underwriting of First-Time Homebuyers

September 30, 2022
Monica Hogan
Verified on-time monthly payments of $300 or more in the previous 12 months will be considered as positive rental payment history.
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Treasury Nudges Native Tribes to Apply for HAF

September 30, 2022
Monica Hogan
To date, Treasury has approved HAF plans from 176 tribes.
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FHA to Allow Monthly Surplus Cash Distributions for MF Borrowers

September 16, 2022
Monica Hogan
The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.
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HUD Seeks to Boost Small-Dollar Mortgage Lending

September 16, 2022
Monica Hogan
The Department of Housing and Urban Development said it is exploring ways to boost greater access to mortgage credit for homebuyers seeking smaller mortgage loans.
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FHA Clarifies Student Loan Debt in Mortgage Underwriting

September 2, 2022
Monica Hogan
Documentation on student loan debt forgiveness will be a key factor in the underwriting process for homebuyers benefiting from the recently announced debt relief program.
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Around the Industry

September 2, 2022
Monica Hogan
RHS finalizes new rule for single-family loan program; HUD to require unique entity identifier for FHA lenders; USDA to update guidance on default status codes; MISMO announces enhancement for industry loan application dataset; USDA introduces four new forms; HUD awards housing counseling grants.
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Counselors Can Play Key Role in Loss Mitigation

August 19, 2022
Monica Hogan
Housing counselors can play a greater role in helping delinquent borrowers understand the menu of loss-mitigation tools, according to trade group and government officials speaking at a recent HUD conference.
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