President Trump this week issued a memorandum that directs the Secretary of Housing and Urban Development to develop a housing reform plan that recommends changes to HUD, FHA … more President Calls For Housing Reform Plan; Review of HECM
Regulations
Appraisal Recording Changes Made in FHA Connection
This past Monday, March 25, FHA updated the Appraisal Logging screen and Appraisal Case Transfer screen in FHA Connection. The announcement was made in FHA Info #19-03. The … more Appraisal Recording Changes Made in FHA Connection
FHA Issues Policy Guidance on Use of Third Party Verification Services
The Federal Housing Administration published Mortgagee Letter (ML) 2019-01:Third Party Verification Services, which provides guidance for the use of Third Party Verification (TPV) services as an alternative for verifying … more FHA Issues Policy Guidance on Use of Third Party Verification Services
Financial Assessment Is Working (Part IV)
Financial Assessment is still working. FHA’s new policy of requiring a financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by nearly … more Financial Assessment Is Working (Part IV)
[Page 17 of 17 ]