Archives For: FHA
HUD Extends Additional Relief to Borrowers in Maui, HI
HUD announced it is extending its foreclosure moratorium for borrowers of FHA-insured mortgages in Maui County, HI through August 4, 2024.
6 May 2024
FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI
FHA announces it is extending its existing disaster-related foreclosure moratorium in Maui County, HI through May 6, 2024.
2 Nov 2023
Mortgage Lenders Can Now Count Income from ADUs When Underwriting FHA Loans
Mortgage lenders can now count income from accessory dwellings when underwriting FHA loans to help households maximize the potential benefits of homeownership.
16 Oct 2023
FHA Eyes Electronic Communication with Proposed Modernized Engagement for Defaulting Borrowers
FHA has announced a long-awaited proposal that could revolutionize how mortgage companies engage with borrowers in default.
1 Aug 2023
FHA Launches New Resources to Remove Language Barriers for Borrowers
The Federal Housing Administration (FHA) is making available in Chinese, Korean, Spanish, Tagalog, and Vietnamese more than 30 single family mortgage documents and related resources used in the origination of FHA-insured mortgages.
13 Jun 2023
FHA Proposes Innovative Approach to Keep Struggling Homeowners in their Homes
FHA announced a proposal for a new home retention option to help struggling homeowners meet their mortgage obligations.
31 May 2023
FHA Seeks Feedback on Proposed Changes to Increase Access to Affordable Financing for Properties with Accessory Dwelling Units
FHA is working to update its requirements for insuring mortgages on single family homes with Accessory Dwelling Units to allow for more borrowers to qualify for financing.
13 Apr 2023
HUD Extends Loan Mod Option to 480 Months
HUD has published a Final Rule in the Federal Register to increase the maximum allowable term for FHA-insured loan modification from 360 months to 480 months.
9 Mar 2023
HUD Secretary Announces Major Milestone of Assisting Nearly 2 Million Homeowners Stay in their Homes
HUD Secretary Marcia L. Fudge announced that, thanks to FHA programs, approximately 2 million homeowners with FHA mortgages were able to stay in their homes from the beginning of the COVID-19 pandemic through December 2022.
8 Feb 2023
Federal Housing Administration Expands Assistance Options for Borrowers Struggling to Make Mortgage Payments
FHA has announced it is expanding and enhancing its set of loss mitigation options used to help borrowers struggling to make mortgage payments on FHA-insured loans.
30 Jan 2023