FHA this week announced a new language access web page with key single-family home mortgage documents and educational resources translated into Spanish, Chinese, Korean, Tagalog and Vietnamese.
Mortgage servicers didn’t always sufficiently comply with FHA loss-mitigation requirements for borrowers whose COVID-19-related forbearance had ended, the inspector general for the Department of Housing and Urban Development said this week.
Ingrid Ripley, executive director of USDA RD’s single-family home guarantee program, said construction lending and manufactured housing loans will help address the housing supply issue in rural America.
Ginnie extends e-Sign use; HUD OIG to testify before congressional committee; FHA Catalyst claims module will require new user information; USDA updates single-family housing handbook; HUD lifts cap on multifamily loans for low-income housing tax credit pilot.
Among the deals that are exposed to small-business borrowers are trucking and small-ticket equipment asset-backed securities, small-balance commercial ABS and premium finance ABS.
Under the proposal, to qualify for an FHA loan, single-family homes within the 100-year floodplain would be required to be elevated an additional two feet above base flood elevation when they are newly built or substantially improved.
The share of consumers surveyed by Fannie Mae in May who said now is a good time to buy a home decreased by 4 percentage points from April, while the share of respondents who said now is a good time to sell increased by 3 percentage points.