According to FHA Info #17-40, on September 18, 2017, the Federal Housing Administration (FHA) will update its FHA systems to accommodate: The implementation of origination and servicing policies … more HUD Issues FHA Info #17-40 with HECM Updates and Reminders in Advance of Final Rule
Regulations
Member Alert: FHA Adjusts PLFs and Mortgage Insurance Premiums
Citing its fiduciary responsibility to taxpayers and ensuring that its mortgage insurance programs remain viable and effective in the long term, the Department of Housing and Urban Development … more Member Alert: FHA Adjusts PLFs and Mortgage Insurance Premiums
New CFPB Issue Brief Questions Social Security Delay Strategy
The Consumer Financial Protection Bureau today published a report evaluating the financial impact of using HECM loan proceeds to bridge the gap in income while delaying Social Security … more New CFPB Issue Brief Questions Social Security Delay Strategy
Financial Assessment Is Working (Part III)
Financial Assessment is still working. FHA’s new policy of requiring the financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by nearly … more Financial Assessment Is Working (Part III)
Financial Assessment Looks Better and Better
Financial Assessment is still working, only more so. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default … more Financial Assessment Looks Better and Better
Financial Assessment Works
Financial Assessment is working. FHA’s new policy of requiring financial assessment (“FA”) of the borrower’s ability to pay has cut tax and insurance default by two-thirds and serious … more Financial Assessment Works
HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals
By Weiner Brodsky Kider On January 19, 2017, HUD published in the Federal Register the Final HECM Rule, FHA: Strengthening the Home Equity Conversion Mortgage Program. The Final … more HUD Publishes HECM Final Rule, but Defers on Rate Cap and H4P Proposals