In the wake of the devastating wildfires in Maui, HI, the Federal Housing Administration published FHA Info #2023-67 as a reminder to mortgagees about its guidance for originating and/or servicing … more HUD Publishes Guidance for Originating/Servicing Loans in Disaster Areas
HUD
NRMLA Submits Comments to HUD On Second Appraisals
In response to a request for public feedback on how HUD can make its programs easier to access and use, NRMLA submitted comments this week that proposed opportunities for streamlining … more NRMLA Submits Comments to HUD On Second Appraisals
HUD Updates Processes for HECM Borrower Payments
The Federal Housing Administration today published Mortgagee Letter 2023-15 to improve FHA’s ability to make prompt payments in the event of a mortgagee default and to ensure that HECM borrowers receive … more HUD Updates Processes for HECM Borrower Payments
FHA Publishes Documents In New Languages
The Federal Housing Administration published more than 30 single-family mortgage documents and related resources used in the origination of FHA-insured mortgages, including HECMs, in Chinese, Korean, Spanish, Tagalog, and Vietnamese. … more FHA Publishes Documents In New Languages
Ginnie Mae Issues LIBOR Transition Guidance
Ginnie Mae published guidance for issuers on the transition of all outstanding HECM Mortgage-Backed Securities tied to the London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing … more Ginnie Mae Issues LIBOR Transition Guidance
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