Tag: FHA
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.
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.
FHA Announces New Condo Approval Rule
The Federal Housing Administration (FHA) this week published a final regulation that establishes a new condominium approval process.
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.
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.
FHA Issues Final Rule Streamlining Home Warranty Requirements
The rule would eliminate the regulations that require borrowers to purchase 10-year protection plans in order to qualify for certain mortgages on newly-constructed single-family homes.
FHA Capital Reserves Post Healthy Gain, but HUD Signals No Sign of a Premium Cut
The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio grew by more than $8 billion in fiscal 2018 to a total economic net worth of $34.86 billion. However, FHA Commissioner Brian Montgomery indicated it is still premature to consider a mortgage insurance premium cut in the near term.
FHA Extends Multifamily Risk-Sharing Initiative Through Dec. 31
The Federal Housing Administration will extend its multifamily risk-sharing initiative with the Federal Financing Bank for eligible housing finance agencies through Dec. 31, 2018.
FHA to Halt Insuring New Mortgages with PACE Obligations
On Dec. 7, the Federal Housing Administration (FHA) issued Mortgagee Letter 2017-18 announcing the agency will no longer insure new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. This reverses policy announced by the agency in July of 2016. The directive applies only to new mortgages.
FHA Loan Limits to Rise in More than 3,000 Counties in 2018
The Federal Housing Administration today announced its loan limits for 2018. The nationwide rise in median home prices indicates buyers in more than 3,000 counties will see increases.
