By a vote of 50 to 49, the Senate this week confirmed Kathleen Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Mick … more Senate Confirms Kathleen Kraninger As BCFP Director
Regulations
FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
This week, the Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced the 2019 conventional loan limit for single-family properties will be $484,350, an increase … more FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
HECM Second Appraisal Protocols Become Automated Effective November 30
Today, the Federal Housing Administration announced in FHA Info #18-47 that effective tomorrow, Friday, November 30, 2018, the protocols that had been in place on an interim basis for … more HECM Second Appraisal Protocols Become Automated Effective November 30
NRMLA Board Member Discusses HECM With Housing Secretary Carson
Longtime NRMLA board member and Executive Committee Chairman Joe DeMarkey of Reverse Mortgage Funding LLC attended a recent “Stakeholder HUDdle” with senior officials from the Department of Housing … more NRMLA Board Member Discusses HECM With Housing Secretary Carson
MMI Fund Improving, but HECM Needs Further Attention
While changes made to the Home Equity Conversion Mortgage program in October 2017 are beginning to positively impact program performance, the Federal Housing Administration reported today in the … more MMI Fund Improving, but HECM Needs Further Attention
FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
The Federal Housing Administration issued FHA Info #18-44 announcing that the FHA Connection system will automate its Application Coordinator User Identification (ID) assignment process beginning on November 9, … more FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
HUD Announces Reverse Mortgage Loan Sales
The Department of Housing and Urban Development published a notice in the Federal Register announcing its intention to competitively offer multiple pools consisting of approximately 1,150 reverse mortgage … more HUD Announces Reverse Mortgage Loan Sales
HUD Announces Disaster Assistance for Florida Storm Victims
The U.S. Housing and Urban Development declared an automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages in the State of Florida to support families forced from … more HUD Announces Disaster Assistance for Florida Storm Victims
BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
In a blog published this week, Kelly Cochran, assistant director for Regulations at the Bureau of Consumer Financial Protection (BCFP), said the Bureau is reviewing more than 86,000 public … more BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
HUD Awards $47 Million In Housing Counseling Grants
The U.S. Department of Housing and Urban Development this week awarded $47 million in housing counseling grants to non-profit counseling agencies across the country that will be used … more HUD Awards $47 Million In Housing Counseling Grants