#fha

#fha

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.

FHA will end relaxed COVID-era mortgage practices on Sept. 30, introducing stricter loss mitigation rules from Oct. 1.

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.

HUD oversees a $73 billion budget and plays a crucial role in addressing housing affordability and homelessness in America.

FHA establishes a permanent program for selling seriously delinquent FHA-insured mortgages to enhance recoveries and support the Mutual Mortgage Insurance Fund.

HUD indicates early payment defaults are mainly due to external factors like job loss and property damage unrelated to FHA compliance.

FHA Commissioner Julia Gordon highlighted the release of the updated HUD Handbook as a major achievement in enhancing the HECM program's consistency and quality.

The Department of Housing and Urban Development operates efficiently and benefits taxpayers without direct funding, primarily through borrower premiums.

The Mortgage Insurance Freedom Act aims to relieve financial burdens for first-time homeowners by allowing FHA borrowers to cancel mortgage insurance premiums.

The HECM program shows strong performance despite challenges, thanks to strategic changes and home-price appreciation.

Higher funding for FHA and Ginnie Mae is crucial for supporting homebuyers, especially first-time buyers, in today's challenging housing market.

The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

FHA has temporarily waived the 15-day occupancy requirement for 203(k) mortgages in response to hurricanes Helene and Milton.

FHA has extended the foreclosure moratorium for hurricane victims to aid recovery efforts, reflecting increased support during extreme weather events.

FHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.

HECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.

Positive interest rates and FHA case number assignments are boosting industry performance.

The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.

Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.