FHA adopted rules removing the 10-year protection plan requirement for certain mortgages on newly constructed single family homes. A borrower must currently purchase a 10-year
FHA issued Mortgagee Letter 2018-08, updating guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 assignment requests. The Mortgagee Letter outlines the documentation and
FHA issued a waiver regarding the timeframe for completing damage inspections in presidentially-declared disaster areas in California. FHA currently requires that all properties with pending
FHA issued Mortgagee Letter 2018-06, setting forth amended appraisal requirements for Home Equity Conversion Mortgages (HECMs). Per the Mortgagee Letter, FHA will perform a collateral
FHA issued a waiver regarding the timeframe for completing damage inspections in presidentially-declared disaster areas in Hawaii. FHA currently requires that all properties with pending
FHA issued Mortgagee Letter 2018-05, revising the order of the Loss Mitigation waterfall for borrowers affected Hurricane Maria. Per the Mortgagee Letter, FHA moved the
FHA extended the HECM foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. The foreclosure moratorium is extended
FHA eliminated regulations with respect to the Inspector Roster (Roster). The Roster is a list of inspectors approved by FHA as eligible to determine whether
FHA conditionally extended the foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. To qualify for the conditional
FHA extended the HECM foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. The foreclosure moratorium is extended
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
