Archives For: FHA
FHA INFO #20-66: HERMIT System Submissions for COVID-19 Related Extensions
The U.S. Department of Housing and Urban Development (HUD) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to the Presidentially-Declared COVID-19 National Emergency for Home Equity Conversion Mortgages. The extension of the foreclosure and eviction moratorium were published in Mortgagee Letter 2020-27.
10 Sep 2020
HUD: FHA INFO #20-64: Guidance Regarding Presidentially-Declared Major Disaster Areas During the COVID-19 Pandemic
HUD provided clarification to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages in the U.S. and its territories when a Presidential Major Disaster Declaration is issued during the COVID-19 pandemic.
2 Sep 2020
HUD: Mortgagee Letter 2020-27: Extension of Foreclosure and Eviction Moratorium
The U.S Department of Housing and Urban Development (HUD) announced an extension to a foreclosure and eviction moratorium for borrowers with FHA-insured single-family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through December 31, 2020.
27 Aug 2020
HUD: California Wildfire Disaster Assistance Announced
The U.S. Department of Housing and Urban Development (HUD) announced that it will deliver federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires.
25 Aug 2020
HUD: Ben Carson Praises Confirmation of Dana Wade as New FHA Commissioner
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s (FHA) commissioner. Wade previously served as acting federal housing commissioner and assistant secretary for housing from July 2017 to June 2018, where she oversaw over 2,400 employees and implemented enhanced risk management and monitoring of FHA’s $1.3 trillion portfolio.
28 Jul 2020
HUD: FHA INFO #20-50: Updated Servicing and Loss Mitigation Section Draft of the Single Family Housing Policy Handbook
The Federal Housing Administration (FHA) has posted a draft revision of the Servicing and Loss Mitigation section (Section III) of the Single Family Housing Policy Handbook 4000.1 on the Single Family Housing Drafting Table for public review and feedback.
14 Jul 2020
HUD: FHA INFO #20-47: Enhancements to FHA’s Claims Without Conveyance of Title (CWCOT) Procedures
The U.S. Department of Housing and Urban Development (HUD) announced enhancements to the FHA’s CWCOT procedures, which must be used for all foreclosure sales and any post-foreclosure sales efforts pursued by the mortgagee.
7 Jul 2020
HUD: Ben Carson Congratulates Brian Montgomery on Deputy Secretary Confirmation
HUD Secretary Ben Carson applauded the confirmation of Brian D. Montgomery to serve as department deputy secretary. As the second most senior official at HUD, Mr. Montgomery will manage the day-to-day operations of the agency and will advise and assist the secretary in leading the department’s nearly 8,000 employees.
12 May 2020
FHA Single Family Housing COVID-19 Q&A
HUD enhanced its COVID-19 FAQ resource to include expanded guidance for a variety of categories related to lending/servicing.
11 May 2020
HUD: Interagency COVID-19 Servicer Fact Sheet
HUD published an informational resource created for servicers with loans insured or guaranteed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) or Rural Housing Service (RHS).
6 May 2020