The new policy only applies to FHA multifamily loans endorsed after the release of the Sept. 7 mortgagee letter.

The Mortgage Bankers Association has recommended changes to FHA’s plans to modify the 203(k) Rehabilitation Mortgage Insurance Program.

Following a boom in buyout activity of FHA and VA loans from Ginnie Mae pools in the first 18 months of the COVID-19 pandemic, loan removals continue to decline. (Includes data chart.)

Private mortgage insurance companies are raising premiums on a targeted basis, in part so they can better manage risk in an increasingly volatile economy.

Commissioner Julia Gordon assured industry participants that she is working through the challenges of bringing changes to the FHA home loan program.

If FHA wants to consider the sustainability of manufactured housing, it must work on how personal-property units fit within a manufactured housing community, said FHA Commissioner Julia Gordon.

The new provisions apply to both FHA’s single-family home Title II and its home equity conversion mortgage programs.

The Mortgage Bankers Association called for FHA to have enough funding for it to better manage the risks associated with the Mutual Mortgage Insurance Fund.

FHA took new steps this week to help expand homeownership to borrowers whose work history and income took a hit earlier in the pandemic but are now stable.

American Financial Network has agreed to pay roughly $1 million to settle allegations it fraudulently originated FHA loans.