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 […]

HUD: Biden Administration Authorizes Extension of FHA Single Family Foreclosure and Eviction Moratorium through March 31, 2021

One of the first Administration actions provides meaningful support to homeowners struggling financially as a result of the COVID-19 pandemic Yesterday, the Biden Administration requested the U.S. Department of Housing and Urban Development and other Federal Agencies to extend its foreclosure and eviction moratorium for single family mortgages insured by the Federal […]

HUD: FHA Announces Updated Single Family Loan-Level Certification Form

Streamlined form capstones efforts to provide certainty for FHA Single Family program participants The Federal Housing Administration (FHA) today announced the completion of its revised and streamlined loan-level certification form required from lenders when originating a single family mortgage intended for FHA insurance endorsement. The updated form eliminates unnecessarily dense language while […]

HUD: FHA Extends Options for Single Family Borrowers Financially Impacted by COVID-19

Extensions ensure borrowers can continue to seek assistance and avoid eviction and foreclosure while maintaining temporary policy flexibilities for lenders and servicers Today, the Federal Housing Administration (FHA) announced it is extending the foreclosure and eviction moratorium for single family FHA-insured mortgages for an additional two months, through February 28, 2021. The […]

HUD: FHA Achieves Full FHA Catalyst Digitial Claim Submission Capabilities for Single Family Forward Mortgages

Latest FHA Catalyst: Claims Module expansion eliminates paper submission processes for all forward mortgage claim types Today, the Federal Housing Administration (FHA) implemented additional functionality in its FHA Catalyst: Claims Module, achieving full, digital submission capabilities for all FHA Single Family Title II forward mortgage claim types and the elimination […]