There is optimism that the forthcoming FHA annual report on the health of the Mutual Mortgage Insurance Fund will bear encouraging news, according to one analyst.
Continuing with its efforts to curb serial refinancing, VA is set to tell certain lenders that their recent refinances may be ineligible for a guarantee, accord-ing to industry sources.
New York state agencies against HUD’s proposal on disparate impact rule; USDA warns customers of fraudulent calls; FHA provides training material for implementation of FHA-insured condo financing rules.
VA lenders and servicers have been instructed to ensure that information regarding funding fee exemptions is current at the time of closing to avoid in-correct fee charges to disabled veterans.
In a comment letter, the CHLA said its members are opposed to proposals to shrink FHA’s footprint, utilize tiered pricing and increase the FHA insurance fund’s 2% capital reserve ratio.
Senate Appropriations Committee has asked HUD to ensure transparency and improve the resolution of defaulted and foreclosed HECMs and to better manage the sale of troubled taxpayer assets.
FHA has published new implementation requirements for condominium units secured by Home Equity Conversion Mortgage loans. The guidance also ap-plies to condo units that qualify for HECM spot-financing.
Despite a legal setback, the department said it intends to proceed with a for-mal rulemaking on downpayment assistance provided by government entities. This time, though, with proper notice to stakeholders.
RSS