The Department of Housing and Urban Development has used up the $25 billion of commitment authority allocated by Congress for the FHA multifamily and healthcare programs, though mortgage insurance applications will still be accepted through Sept. 30. Firm commitments issued as of Sept. 16 will be honored and loans may be endorsed and closed up until the cutoff date, HUD said in a letter this week to program partners. HUD will be unable to issue new commitments until an FY 2014 budget for the FHA multifamily and healthcare programs is approved. All transactions requesting commitment authority between ...