FHA published a proposed rule that seeks public feedback on its delinquent note sale program. What’s next: Public comments must be submitted by September 16, 2024. Why it … more HUD Proposes New Rules On Delinquent Note Sales
HUD
FHA Finalizes Changes to Defect Taxonomy
Effective immediately, Mortgagee Letter 2024-14 updates FHA’s Defect Taxonomy guidelines to include fraud or material misrepresentation involving a Third-Party Originator (TPO) as a Tier 1 severity defect. Why … more FHA Finalizes Changes to Defect Taxonomy
FHA Announces Appraisal Technology Updates and Webinar
The Federal Housing Administration will be updating FHA Connection (FHAC) to include new questions related to appraisal reviews and Reconsideration of Value (ROV) policies first announced in Mortgagee … more FHA Announces Appraisal Technology Updates and Webinar
Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
NRMLA’s outside counsel, Weiner Brodsky Kider, PC, has published a memorandum for members that summarizes recent enforcement actions taken by the FDIC regarding violations of RESPA Section 8. … more Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
FHA and GNMA Discuss Priorities and Achievements
The following article provides highlights from NRMLA’s Eastern Regional Meeting, May 29, in Washington, DC. During an interview with NRMLA Chairman Mike Kent, Deputy Assistant Secretary for Single-Family … more FHA and GNMA Discuss Priorities and Achievements
FHA Publishes Cybersecurity Reporting Requirements
As part of its ongoing efforts to protect the integrity of its systems and technology, the Federal Housing Administration published Mortgagee Letter 2024-10 to implement new procedures for … more FHA Publishes Cybersecurity Reporting Requirements
HUD Publishes Updates to HECM Handbook
The Department of Housing and Urban Development published a revised copy of the Single-Family Handbook 4000.1, which includes changes to the HECM section.Here is a link to the … more HUD Publishes Updates to HECM Handbook
FHA Updates Unique Entity Identifier Requirements
The Federal Housing Administration updated its Unique Entity Identifier (UEI) policy for FHA-approved mortgagees as well as other entities seeking eligibility to conduct FHA business. Details were provided … more FHA Updates Unique Entity Identifier Requirements
FHA Disallows Lender-Paid IPCs in H4P Transactions
The Federal Housing Administration announced that it will not allow mortgagees and third-party originators (TPO) to make Interested Party Contributions in HECM for Purchase transactions, nor will it … more FHA Disallows Lender-Paid IPCs in H4P Transactions
HUD Solicits Feedback on HECM Application and Origination Documents
The Department of Housing and Urban Development published a notice in the Federal Register seeking feedback on certain documents that must be used in connection with HECM applications … more HUD Solicits Feedback on HECM Application and Origination Documents