Rejected Mortgage Applicants Get Another Chance
FHA waiver removes the scarlet letter from denied borrowers.
Tagged: Federal Housing Administration (FHA)
FHA Introduces New Functionality to Streamline Case Cancellations and Reinstatements
Seeks to eliminate manual submissions.
FHA Eyes Electronic Communication With Proposed Modernized Engagement For Defaulting Borrowers
Remote outreach methods could become permanent, aligning with technological advances and borrower preferences.
FHA Urged To Modify Proposed Loss-Mitigation Plan
MBA, ABA, NMSA sign joint letter seeking to simplify & clarify the plan, as well as to extend the time to implement it.
Movement Mortgage To Pay $23.75M To Settle False Claims Act Probe
Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.
FHA To Require Lenders To Ask Language Preference
Advocates praise new requirement that will take effect on Aug. 28.
FHA Proposes New Program To Help Struggling Homeowners
Legal expert questions whether agency has authority to implement the program.
FHA Endorsed Mortgages Declined 17% In Q1 2023
Decrease was due to a decline in both purchase and refinancing activity, driven by the rise of interest rates.
FHA OKs Modifying Mortgages To 40-Year Terms
Can now extend the term from 360 months to 480 months.
