Archives For: FHA
New FHA Head Details Plans for More Affordable Housing and Foreclosure Prevention
Newly elected FHA commissioner Julia Gordon is on a mission to help people access and retain affordable housing.
28 Jun 2022
HUD and FHA Plan Events to Amplify Message During National Homeownership Month
HUD and FHA plan to hold a series of events throughout National Homeownership Month to align with the Biden-Harris initiative to increase homeownership.
2 Jun 2022
FHA Bids to Outmaneuver Investors in Favor of Underserved Buyers
FHA has announced a 30-day exclusive period to give underserved buyers and non-profits an opportunity to bid on foreclosed properties before investors.
16 May 2022
Julia Gordon Confirmed as FHA Commissioner
The U.S. Senate has confirmed Julia Gordon as commissioner of the Federal Housing Administration and assistant secretary of housing at the U.S. Department of Housing and Urban Development.
12 May 2022
FHA Adds 40-Year Mortgage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
FHA has announced a 40-year mortgage modification available to servicers to help borrowers struggling with the effects of the pandemic.
18 Apr 2022
Ginnie Mae Streamlining Documentation Requirements
In an All-Participants Memorandum, Ginnie Mae issued streamlined documentation requirements for FHA advance loan modifications.
14 Feb 2022
Ginnie Mae Removes a Step for Servicers on some FHA Loan Modifications
New documentation requirements will allow companies to skip certain requirements when modifying mortgages insured by Ginnie Mae.
24 Jan 2022
FHA Expands Real-Estate Owned Property Purchase Opportunities for Owner-Occupant Buyers
The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit bids for the purchase of these homes before they become eligible for purchase by investors.
13 Jan 2022
2022 FHA Loan Limits: Floor Rises to $420,680; Ceiling to $970,800
Similar to the FHFA, the U.S. Department of Housing and Urban Development (HUD) announces maximum loan limits each year for FHA loans.
Today, they unveiled the 2022 FHA loan limits, which like the 2022 conforming loan limits, will be significantly higher than the limits in effect this year.
1 Dec 2021
Flush with Capital, FHA Resists Call to Cut Insurance Premiums
Despite a 14-year high of 8.03% for the capital ratio of the agency’s mutual mortgage insurance fund — stoked by the recovery of the reverse mortgage program — the FHA did not signal immediate plans in its annual actuarial report to cut insurance premiums.
15 Nov 2021