Links in “FHA”
- The FHA has Published a New Handbook for Underwriting Multifamily Housing
FHA hopes the consolidated handbook will improve consistency in the application of program requirements and reduce the time necessary to process loan applications. Â [1/2/16]
- FHA Capital Exceeds its 2% Target
For the first time since 2008, the Federal Housing Administration's Mutual Mortgage Insurance Fund has exceeded its 2% statutory capital requirements by reaching 2.07%. The FHA benefited from a .5% reduction earlier this year which stimulated a 42% increase in volume, including a 27% increase in purchase-loan endorsements. No premium hike is expected. [11/17/15]
- Deferred Student Debt? FHA Says “No Problem” No More
The FHA has shut down a popular workaround for borrowers with deferred student debt. [11/11/15]
- Oakland Sues Wells Fargo for Steering
Steering stage coaches is one thing. But steering minority borrowers into higher-cost loans? That's what the city of Oakland is alleging that Wells Fargo is doing, and it has filed suit against the bank for violating the Fair Housing Act. [9/23/15]
- Three Weeks Later: FHA Neighborhood Watch Website is Back Up
The FHA's "early warning system" for monitoring mortgage defaults and lender performance crashed on July 27. The system is now back online. [8/19/15]
- Registration for FHA Appraisal Portal Now Mandatory
FHA-approved mortgage lenders may begin now to register to use the FHAâs new web-based portal, the Electronic Appraisal Delivery (EAD), which is designed to enable electronic transmission of appraisal data and reports to the FHA prior to loan endorsements. All FHA-approved mortgage lenders must register by June 26, 2016. [8/18/15]
- FHA Launches Supplemental Performance Metric
The new tool is designed to help lenders and the public better understand the FHA's acceptable risk tolerance levels for a variety of credit scores. [8/18/15]
- Mandatory Registration for FHA Appraisal Delivery Portal Begins Today
The mandatory registration process for the electronic appraisal delivery portal for mortgagees approved to do business with the FHA begins today. [8/17/15]
- Texas Lenders Settle in FHA Case
After HUD took action against two Texas lenders for 11 alleged violations of Fair Housing Administration (FHA) rules, deceptive fees, and quality control and annual certification violations, it was decided that these lenders will pay a civil money penalty of $169,419 and will no longer be FHA approved. [8/11/15]
- House Invites FHA Back for More Grilling
The House Financial Services Committee has decided it isn't quite done with the Federal Housing Administration. The committee took issue with the HUD chief's testimony earlier this month on the state of the agency's insurance fund and will take up the matter again this week in another hearing. [2/23/15]
