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FHA Seeks Input on Proposed HECM Program Update

FHA Seeks Input on Proposed HECM Program Update

by Phil Hall | Nov 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking industry feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. Under current program requirements, mortgage servicers can assign a HECM to the U.S....
Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

by Phil Hall | Nov 3, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trade group enduring a surplus of grief, a central bank that stopped punishing the public and a billionaire’s adieu to the Pacific Northwest. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 30 to Nov. 3. Miss: NAR at a...
FHA Extends Foreclosure Moratorium in Maui County

FHA Extends Foreclosure Moratorium in Maui County

by Phil Hall | Nov 3, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has extended its disaster-related foreclosure moratorium in Hawaii’s Maui County through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity Conversion Mortgages. FHA...
Federal Housing Administration Changes Appraisal Requirements for Certain Manufactured Homes

Federal Housing Administration Changes Appraisal Requirements for Certain Manufactured Homes

by Phil Hall | Nov 2, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has published updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s ChoiceHome programs. According to the FHA, the updates align appraisal...
FHA Proposes Policy Updates to HECM Program

FHA Proposes Policy Updates to HECM Program

by Phil Hall | Nov 2, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking feedback on proposed policy updates to its Home Equity Conversion Mortgage (HECM) program. According to an announcement issued by the U.S. Department of Housing and Urban Development (HUD), the proposed updates are...
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