The U.S. Department of Housing and Urban Development (HUD) announced $115 million in grant funding will be made available to support the development and improvement of affordable rental housing for low-income seniors. The funds are being provided under HUD’s Section...
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...
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...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
The Federal Housing Administration (FHA) will require lenders to use the Supplemental Consumer Information Form (SCIF) when originating mortgages for FHA insurance. The SCIF (Fannie Mae/Freddie Mac Form 1103) is used during the mortgage application process and enables...
Mortgage Rates Reach 7.40%, Highest Since November 2023
