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.
RealKey, an automated loan processing platform, paused operations at the end of May. The startup’s CEO said the investment community has shied away from the mortgage tech space.
The tax credit would cover the difference between the cost of rehabilitation and the price the property fetches in a sale to a buyer with an income well below the area median.