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.
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.
FHA servicers must inform their borrowers of any relevant state Homeowners Assistance Fund programs if they’re reviewing a COVID-19-related loss mitigation.
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.
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.)
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.
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.