FHA eliminated restrictions placed on new construction in flood hazard areas and pulled back additional inspection requirements for properties in disaster areas.
Serious delinquencies among government-backed loans have slightly increased each year since the pandemic, according to an analysis by the Mortgage Industry Advisory Corp.
FHA’s loss-mitigation programs have historically saved the mutual mortgage insurance fund billions by avoiding dispositions, according to a new analysis.
FHA borrowers are more likely to have student loans than other types of mortgage holders, exposing them to the upcoming changes to student loan repayment plans.
FHA delays multifactor authentication compliance; FHA speeds up refis for residential care facilities; HUD announces more rescissions to anti-bias appraisal policies.
Servicers may be required to overspend in auctions under HUD’s claims without conveyance of title program, according to the Mortgage Bankers Association.
HUD has imposed foreclosure moratoriums for FHA-backed mortgages on homes in disaster-impacted areas across several states. Meanwhile, there are lingering questions about the impact of increasingly frequent disasters on FHA’s Mutual Mortgage Insurance Fund.