Archives For: FHA
At MBA’s Urging, Federal Action Taken on Eminent Domain Mortgage Seizure Proposal
On December 17, the Mortgage Bankers Association (MBA) released an MBAlert discussing a provision in the Fiscal Year 2015 omnibus appropriations bill that bars HUD, FHA and Ginnie Mae from insuring, securitizing, or establishing a Federal guarantee for mortgage loans seized through eminent domain.
22 Dec 2014
Spending Bill Bans FHA from Financing Eminent Domain Loans
On December 12, National Mortgage News released an article discussing a provision in the $1.05 trillion cromnibus appropriations bill that would ban the Federal Housing Administration from refinancing loans that have been seized through eminent domain.
12 Dec 2014
Massachusetts AG Urges FHFA to Make More Changes to Buyback Policy
On December 10, DS News published an article discussing a letter written by Massachusetts Attorney General Martha Coakley to FHFA Director Mel Watt featuring changes the agency could make to its Fannie Mae and Freddie Mac REO buyback policy.
11 Dec 2014
New FHA Administrative Fee Defeated in Congress
On December 10, HousingWire released an article reviewing a provision in Senate Bill 2438 that has been formally dropped from the Transportation, Housing and Urban Development and Related Agencies Appropriations Act.
11 Dec 2014
FHA Extends Short Refi Program for Two More Years
On November 26, National Mortgage News published an article detailing the Federal Housing Administration’s extension of a principal reduction program through 2016.
2 Dec 2014
FHA #INFO 14-69 Increasing Use of FHA’s Claims Without Conveyance of Title Procedures
On November 26, the U.S. Department of Housing and Urban Development (HUD) released single family housing news and updates in FHA INFO #14-69.
2 Dec 2014
FHA Brings Back Standard Prohibition Against Financing Short-Term House Flips
On October 19, the Los Angeles Times released an article titled FHA is set to return to anti-house flipping restrictions.
21 Oct 2014
HUD Program Potentially a Big Step on the Road to Housing Market Recovery
On October 9, The Hill released an article titled Finding Common Ground on HUD’s Distressed Asset Sales Program.
16 Oct 2014
FHA Announces Extended Feedback Period for Draft Servicing Section
On October 7, The Federal Housing Administration (FHA) released INFO message #14-61, discussing a feedback extension period for the draft Servicing section of the Single Family Housing Policy Handbook.
8 Oct 2014
FHA Announces Intention to Extend Borrower Refinancing Program
On October 1, the Federal Housing Administration (FHA) released INFO message #14-60, discussing its plan to extend the “FHA Refinances of Borrowers in Negative Equity Positions” program.
7 Oct 2014