Archives For: FHA
HUD: FHA INFO #20-92: Wire Transfers for Secretary-Held HECMs and Partial Claims
The U.S. Department of Housing and Urban Development (HUD) announced that all payoffs for secretary-held HECMs and partial claims must be sent to its loan servicing contractor, Novad Management Consulting, in the form of certified funds, such as a cashier’s check.
9 Dec 2020
HUD: FHA INFO #20-89: 2021 Nationwide Home Equity Conversion Mortgage Limits
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2020-42, which provides the calendar year 2021 maximum claim amount for FHA-insured traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and HECM-to-HECM refinances.
2 Dec 2020
HUD: FHA INFO #20-88: Extension of Temporary Guidance on the Endorsement of Mortgages Under Forbearance
HUD extended the period for mortgage forbearance provisions provided under the CARES Act. The extension allows mortgages to be endorsed for insurance when a borrower, after closing, has requested a forbearance due to the COVID-19 National Emergency.
27 Nov 2020
HUD: FHA INFO #20-87: Private Flood Insurance Proposed Rule in Federal Register
HUD published a proposed rule in the Federal Register (Acceptance of Private Flood Insurance for Federal Housing Administration-Insured Mortgages). The previously announced rule will provide the option for private flood insurance on FHA-insured single family mortgaged properties located in special flood hazard areas.
23 Nov 2020
HUD: FHA INFO #20-86: FHA Catalyst: Claims Module – Expanded Functionality
The U.S. Department of Housing and Urban Development (HUD) announced expanded capabilities within FHA Catalyst, providing mortgagees with new claim functionality through the platform.
19 Nov 2020
HUD: FHA INFO #20-85: Updates to FHA Single Family Housing Policy Handbook 4000.1
The U.S. Department of Housing and Urban Development (HUD) published an update to Single Family Housing Policy Handbook 4000.1. Included are revisions and additional clarifications to various FHA policies and programs since its last update on January 2, 2020, as well as the incorporation of changes previously announced in the Mortgagee Letters included in the Handbook Transmittal, which can be found on www.hud.gov.
18 Nov 2020
HUD: FHA INFO #20-84: 2020 Report to Congress
The Department of Housing and Urban Development (HUD) released its Annual Report to Congress on the financial status of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund for fiscal year 2020.
13 Nov 2020
HUD: FHA INFO #20-83: Proposed Private Flood Insurance Rule
The U.S. Department of Housing and Urban Development (HUD) announced that it posted a proposed private flood insurance rule on the FHA Single Family Housing Drafting Table.
10 Nov 2020
FHA’s Response to a National Health Crisis
DS News published an article outlining the NPPC 2020 keynote address of HUD Senior Advisor to the Assistant Secretary for Housing and Federal Housing Commissioner Dror Oppenheimer.
10 Nov 2020
HUD: FHA INFO #20-79: CWCOT Webinar – New Date for Second Session
The U.S. Department of Housing and Urban Development (HUD) announced a second date to participate in its Claims Without Conveyance of Title (CWCOT) webinar.
28 Oct 2020