The FHA has issued its Annual Report to Congress for fiscal year 2023, highlighting the impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and support of underserved borrowers and communities.
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »FHA Revises Appraisal Requirements for Manufactured Homes
The FHA has removed a valuation roadblock to increase the availability and affordability of manufactured housing as part of the Biden Administration’s Housing Supply Action Plan. Here’s how that could impact the industry.
Read More »FHA Amends Policy on Accessory Dwelling Units
The new ADU policy will expand financing options for borrowers to bolster the supply of affordable housing and assist families in creating generational wealth.
Read More »HUD Awards $160M to Non-Profits
The U.S. Department of Housing and Urban Development has announced a new slew of grants totaling $160.1 million to non-profit organizations across the country, supporting the development of new or the redevelopment of affordable multifamily rental housing. The grants can also be used to fund ongoing project-based rental assistance for low-income senior citizens.
Read More »HUD Updates Its Housing Counseling Program Handbook
Through issuance of updates to its Housing Counseling Program Handbook, HUD will provide participants with the latest guidance to assist consumers with their housing needs, including enhanced guidance on HECMs.
Read More »HUD Extends Loan Mod Option to 480 Months
By helping reduce foreclosures and expanding loss mitigation options, HUD’s new rule seeks to help keep more in their homes in times of economic instability.
Read More »Mortgage Servicers and Government Agencies to Converge in D.C.
In April, the Five Star Institute will present its annual Government Forum, an event bringing together mortgage servicers and government officials under one roof to share their perspectives on the industry.
Read More »FHA to Assist HECM Borrowers Impacted by Pandemic
A new repayment plan will allow mortgage servicers to offer homeowners impacted by COVID-19 up to five years to repay past-due property charges.
Read More »FHA Raises 2023 Loan Limits in Response to Home Prices
The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.
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