While a 60-day moratorium on all foreclosures and evictions is “an important first step,” the National Consumer Law Center, along with 41 other consumer advocacy organizations, urged FHA … more Consumer Groups to FHA Commissioner: More Protections Needed For Reverse Mortgage Borrowers
HUD
FHA Suspends Foreclosures and Evictions For 60 Days
The Federal Housing Administration declared an immediate foreclosure and eviction moratorium for all FHA-insured single family mortgages, including HECMs, for a 60-day period. Details were provided in Mortgagee … more FHA Suspends Foreclosures and Evictions For 60 Days
FHA Publishes COVID-19 Q&A For Lenders and Servicers
The Federal Housing Administration’s Office of Single Family Housing (OSFH) has developed and is maintaining a Q&A document to provide stakeholders with the latest information about FHA’s response … more FHA Publishes COVID-19 Q&A For Lenders and Servicers
Servicing Corner: Being Out of the Home For Extended Periods
NRMLA publishes the “Servicing Corner” so that we can better educate our readers on the most commonly asked questions that loan officers ask about HECM servicing guidelines. This … more Servicing Corner: Being Out of the Home For Extended Periods
Dana Wade Nominated to Be Next FHA Commissioner
The White House last week nominated Dana Wade to be the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. If approved by the Senate, Wade would replace Brian … more Dana Wade Nominated to Be Next FHA Commissioner
Completion of the Lender Annual Recertification
Last week, the Federal Housing Administration published FHA Info #20-11 which announced the annual recertification for lenders with a fiscal year ending December 31, 2019, is due no … more Completion of the Lender Annual Recertification
Compliance Corner: Ordering the Counseling SessionMembers Only
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President’s FY2021 Budget Forecasts Strong HECM Performance
The White House this week released a Fiscal Year 2021 proposed budget that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next federal … more President’s FY2021 Budget Forecasts Strong HECM Performance
HUD Issues Committee Providing Condo Feedback
The HUD Issues Committee, under the leadership of Elly Johnson of All Reverse Pro and Ken Krajewski of CIBC Bank USA, will be responding to the Federal Housing … more HUD Issues Committee Providing Condo Feedback
Gormley Named New DAS of Single Family Housing
Joseph M. Gormley, who most recently served as chief of staff to FHA Commissioner Brian Montgomery, was named as the new Deputy Assistant Secretary for the Office of … more Gormley Named New DAS of Single Family Housing