The Federal Housing Administration has rewritten how lenders determine the controlling credit score on an FHA loan when more than one scoring model is submitted, settling a consequential underwriting question ahead of the agency’s January 1 transition to...
The Federal Housing Administration has opened its modernized UAD 3.6 appraisal process to approved lenders, moving the agency beyond the controlled beta that had limited use of the new format. FHA-approved lenders participating in Title II forward mortgage and Home...
Mortgage professionals seeking new access to one of the Federal Housing Administration’s most important technology systems will soon have to prove they are who they say they are—and that will include submitting a selfie. Beginning September 14, new users of FHA...
Apartment Financing Conditions Plunge as Multifamily Owners Warn of Foreclo…
