Tag: FHA

FHA Extends Appraisal Program Through Aug. 31

Filed in Housing Finance by on June 30, 2020 0 Comments
FHA Extends Appraisal Program Through Aug. 31

The Federal Housing Administration (FHA) has announced it will allow exterior-only and desktop appraisals on FHA single-family programs affected by COVID-19 to be extended through Aug. 31.

Continue Reading »

FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

Filed in Disaster Response, Economics, Housing Finance by on June 17, 2020 7 Comments
FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until at least Aug. 31, 2020.  The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of August for home owners with FHA-insured single-family mortgages.

Continue Reading »

HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

Filed in Disaster Response, Membership, Multifamily by on April 28, 2020 1 Comment
HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

In an exclusive webinar for NAHB members, U.S. Housing and Urban Development Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery today outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak.

Continue Reading »

HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

Filed in Codes and Standards, Housing Finance, Multifamily by on April 14, 2020 0 Comments
HUD Issues Guidance on Multifamily Mortgage Forbearance Under the CARES Act

HUD has released two letters to provide guidance to borrowers and lenders during the COVID-19 pandemic. The first letter provides guidance for implementing the CARES Act multifamily mortgage forbearance provisions for FHA-insured multifamily loans. The second letter is a separate guidance to mitigate risks for FHA insured Section 223(f) refinancing loans.

Continue Reading »

HUD Issues Mortgage Relief for FHA Single-Family Home Owners

HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Effective April 1 for borrowers with a financial hardship that makes them unable to pay their mortgage due to the outbreak, mortgage servicers must extend deferred or reduced mortgage payment options — called forbearance — for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

Continue Reading »

FHA Announces Policy Updates Related to COVID-19

Filed in Housing Finance by on March 30, 2020 0 Comments
FHA Announces Policy Updates Related to COVID-19

The Federal Housing Administration has announced new guidance for property appraisals and other policy updates due to the COVID-19 national emergency declared by the president.

Continue Reading »

FHA Loan Limits to Rise in 2020

Filed in Housing Finance by on December 4, 2019 2 Comments
FHA Loan Limits to Rise in 2020

The Federal Housing Administration (FHA) has announced its loan limits for 2020. The nationwide rise in median home prices indicates most buyers across the country will see increases.

Continue Reading »

FHA Announces New Condo Approval Rule

Filed in Housing Finance by on August 16, 2019 0 Comments
FHA Announces New Condo Approval Rule

The Federal Housing Administration (FHA) this week published a final regulation that establishes a new condominium approval process.

Continue Reading »

FHA Proposes Clarification for Lenders to Increase Program Participation

Filed in Housing Finance by on May 10, 2019 0 Comments
FHA Proposes Clarification for Lenders to Increase Program Participation

The Federal Housing Administration (FHA) announced on May 9 that it is proposing several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements.

Continue Reading »

Shutdown Impacts Multifamily Housing Programs

Filed in Advocacy, Multifamily by on January 7, 2019 1 Comment
Shutdown Impacts Multifamily Housing Programs

The partial government shutdown, now well into its third week, is having an impact on HUD multifamily programs, as the agency’s spending authority expired on Dec. 21, 2018.

Continue Reading »