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Home » Topics » Programs & Policies » FHA

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New Omnibus Spending Bill Increases HUD’s Budget

March 18, 2022
Monica Hogan
The Consolidated Appropriations Act of 2022 includes $53.7 billion for the Department of Housing and Urban Development.
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NAHREP Report Calls for FHA Policy Updates

March 18, 2022
Monica Hogan
FHA loans can make homebuyers less competitive in a tight housing market, according to a report from the National Association of Hispanic Real Estate Professionals.
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Reverse Mortgage Industry Foresees Growth

March 4, 2022
Monica Hogan
Demand for reverse mortgages has grown in recent years, with more expansion expected in 2022 for both FHA home-equity conversion mortgages and proprietary reverse loans.
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FHA Updates Servicers on HAF Program

March 4, 2022
Monica Hogan
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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FHA Restores Pre-Pandemic Multifamily Loan Policies

February 18, 2022
Monica Hogan
FHA has removed the temporary underwriting mitigants for its multifamily loan program that were imposed early in the pandemic.
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FHA Extends REO Property Bidding Period for Individuals

January 21, 2022
Monica Hogan
Potential owner-occupants, along with nonprofits and government entities, will soon get more time to bid on HUD real estate-owned single-family homes before they are available to investors.
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UI: FHA MMIF Can Withstand Targeted Premium Cuts

January 7, 2022
Monica Hogan
FHA should provide targeted cuts to its mutual mortgage insurance premiums, according to the Urban Institute.
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California Leads States in HECM Lending

December 17, 2021
Monica Hogan
California continued to have a solid lead in originations of home-equity conversion mortgages in the first nine months of 2021. (Includes two data charts.)
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Court Vacates Foreclosure Judgment Over Face-to-Face Dispute

December 3, 2021
Monica Hogan
An Illinois appeals court vacated a summary judgment in favor of Fifth Third Mortgage Co. that led to the foreclosure sale of a couple’s home and remanded the case to a circuit court.
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Around the Industry

December 3, 2021
Monica Hogan
FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.
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