Archives For: proposed rule
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 #20-83: 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
USDA: Proposed Rule – Streamlining the Loss Claims Process
The U.S. Department of Agriculture (USDA) announced that a proposed rule published in the Federal Register is seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry.
23 Aug 2018