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FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

by Phil Hall | May 7, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Federal Housing Administration (FHA) is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, Hawaii, through Jan. 1, 2025. The extension will provide homeowners impacted by the August 2023 wildfires with more time to obtain...
HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

by Phil Hall | Apr 18, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
FHA Raises Loan Limits for Manufactured Homes

FHA Raises Loan Limits for Manufactured Homes

by Phil Hall | Mar 19, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) announced new loan limits for its Title I Manufactured Home Loan Program, which marks the first time since 2008 that the loan limits are being increased. Effective for FHA case numbers assigned on or after March 29, the new...
HUD Offers New Initiatives for Manufactured Housing

HUD Offers New Initiatives for Manufactured Housing

by Phil Hall | Mar 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has announced its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, which is designed to preserve and revitalize manufactured housing and manufactured housing communities....
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