Under the modified policy, FHA decreased the minimum loan balance threshold at which a mortgagee can submit the assignment request for a home equity conversion mortgage.

Condos can be an important source of affordable homeownership, according to the Department of Housing and Urban Development.

The Department of Housing and Urban Development didn’t ensure lenders consistently followed temporary forbearance policy requirements or ensure that indemnification agreement data and related records were complete and accurate, according to the HUD Office of Inspector General.

The first eight-hour NAMB Certified FHA Mortgage Professional course aimed at brokers will be offered in person in July.

There were roughly half a million fewer new listings in the first four months of this year than in the first four months of 2019, a year before the pandemic.

The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans.

The volume of FHA loans securitized into Ginnie mortgage-backed securities grew 20.5% between March and April, to $18.39 billion. VA loan production sent to Ginnie increased at an even higher rate. (Includes two data charts.)

Remarks included concerns regarding the costs of complying with FHA’s proposed revision to minimum property standards for flood hazard exposure.

The success of the Section 203(k) program depends on reforms that would make it more accessible for borrowers and operationally feasible for lenders, according to the Mortgage Bankers Association.

Correspondent sales of government-insured loans declined by 28.6% on an annual basis in 2022, though Veterans United boosted its sales by 13.8%. (Includes data chart.)