Effective March 4, the Federal Housing Administration's updated regulation promotes broader participation in FHA programs, benefiting smaller loan originators and credit unions.
The former Federal Housing Commissioner died unexpectedly.
Changes would increase thresholds, completion deadlines
HUD's new policy targets affordable housing crisis, amplifying homeownership opportunities in dense urban areas.
New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.
FHA waiver removes the scarlet letter from denied borrowers.
Seeks to eliminate manual submissions.
Remote outreach methods could become permanent, aligning with technological advances and borrower preferences.
MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it.
Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.