HUD: FHA Transaction Completed to Support Expanded Healthcare Services at the University of New Mexico Hospital

$320 million FHA-insured supplemental mortgage provides financing for expansion of Albuquerque, New Mexico, hospital servicing acute care needs of New Mexico residents The Federal Housing Administration (FHA) announced that it has completed a mortgage insurance transaction with The University of New Mexico Hospital (UNMH) located in Albuquerque, NM. The transaction, which closed […]

HUD: FHA Extends Single Family Eviction Moratorium

Today’s announcement extends the eviction moratorium through September 30 for foreclosed borrowers and other occupants and notes expiration of the foreclosure moratorium on July 31. The Federal Housing Administration (FHA) on July 30, 2021, announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, and noted the expiration […]

HUD: FHA Additional COVID-19 Recovery Options for Homeowners Announced

Streamlined COVID-19 Recovery “waterfall” includes broader payment reductions for those most in danger of losing their homes due to COVID-19 financial hardships The Federal Housing Administration (FHA) on July 23, 2021 announced streamlined COVID-19 Recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring […]

HUD: FHA Introduces More Measures to Help Homeowners Struggling Due to COVID-19

One-month extension of foreclosure and eviction moratoria, expanded initial forbearance request timeframes, and new outreach to struggling homeowners provide expanded recovery help. The Federal Housing Administration (FHA) on Friday announced more measures to help homeowners with FHA-insured mortgages who are struggling financially due to the COVID-19 pandemic. These measures will provide additional, […]

HUD: FHA Takes Steps to Remove Barriers to Homeownership for Those with Student Loan Debt

Updates to Single Family student loan monthly payment calculation expand access to FHA-insured mortgage financing for creditworthy individuals, particularly in communities of color The Federal Housing Administration (FHA) on Friday announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single […]

HUD: Federal Housing Administration Standard Single Family Servicing Policies Revised

Updates to Single Family Handbook policies strengthen loss mitigation approaches for struggling borrowers while streamlining key requirements for servicers The Federal Housing Administration (FHA) today announced the publication of its update to the Servicing and Loss Mitigation section of the FHA Single Family Housing Policy Handbook 4000.1. This update streamlines many standard operational requirements […]

HUD: FHA Extends Single Famly Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects Through June 2021

Today, the Federal Housing Administration (FHA) announced extensions of a set of policy flexibilities for single family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic. These temporary policies recognize the sustained need for flexibility during this […]

HUD: Disaster Assistance Announced for Victims of Texas Severe Winter Storm

Foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas  The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by the Severe Winter Storm. On […]

HUD: FHA Issues Measures to Protect Health, Safety and Homeownership Security of Borrowers Impacted by COVID-19

Today, the Federal Housing Administration (FHA) issued a series of waivers of provisions in its Single Family Housing Policy Handbook 4000.1 that would normally require in-person contact between mortgage servicers and borrowers, including seniors with FHA-insured Home Equity Conversion (HECM) reverse mortgages. These waivers allow important mortgage servicing activities to continue, but in a […]

HUD: FHA Provides Borrowers Struggling to Keep Their Homes Additional Time to Seek Forebearance

Extension of forbearance request deadline supports Biden Administration Day One actions to provide economic relief to those suffering financially due to COVID-19 Today, the Federal Housing Administration (FHA) announced that it will execute the Biden Administration’s request to extend the deadline for borrowers with FHA-insured mortgages who are struggling financially due to […]