FHA OKs Modifying Mortgages To 40-Year Terms
Can now extend the term from 360 months to 480 months.
Tagged: Federal Housing Administration (FHA)
FHA To Cut Mortgage Insurance Premium By 30bps
White House announces reduction; will take effect on March 20.
FHA Expands COVID-19 Recovery Loss-Mitigation Options
Updated and expanded options intended to help more borrowers avoid foreclosure.
FHA Announces Pandemic Aid For Seniors With HECMs
The plan helps senior homeowners with FHA-insured HECMs who are behind on required property charge payments due to effects of the COVID-19 pandemic.
FHA Now Allows 'Double-Dipping' On Loans
Update of conflict of interest rule allows individuals to serve as both MLO and real estate agent, with certain restrictions.
FHA Extends Waivers To Its HECM Loss-Mitigation Policies
Extension applies to senior borrowers affected by COVID-19.