Archives For: FHA
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
Serious Delinquency Rates for All Mortgage Loan Types Continue to Fall
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report.
18 Jan 2023
Mortgage Rates Retreat Below 7%
Mortgage rates dipped significantly this week, retreating below 7% for the 30-year fixed term, including FHA, VA and jumbo loans.
21 Nov 2022
FHA Annual Report Showcases Continued Leadership in Affordable Home Financing
FHA released its Annual Report to Congress, highlighting its significant role in supporting affordable mortgage financing.
15 Nov 2022
FHA Expands Access to Homeownership for First-Time Homebuyers who have Positive Rental History
FHA has announced that it will begin to permit inclusion of a first-time homebuyer’s positive rental payment history as an additional factor in mortgage qualification.
27 Sep 2022
Ginnie Mae Solicits Feedback on Enhancements to the Title I Manufactured Housing Program
Ginnie Mae, in coordination with FHA, published a Request for Input on enhancements to the Title I Manufactured Home Loan Program.
27 Jul 2022
FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19
FHA announced new flexibility for lenders when qualifying borrowers who experienced previous employment gaps or loss of income due to the COVID-19 pandemic.
7 Jul 2022