FHA has removed the requirement that lenders obtain appraisal field reviews on at least 10% of loans selected for origination and underwriting reviews.
The Department of Housing and Urban Development’s servicer missed the mark on most of the FHA partial claims sampled by HUD’s Office of Inspector General.
Provisions designed to increase borrower awareness of the availability of home loans backed by the Department of Veterans Affairs remain in an expansive housing bill that Congress could pass as soon as next week. The MBA has expressed operational concerns.