HUD has increased the total rehabilitation costs that can be financed under FHA’s limited 203(k) program and extended the allowable time for rehab and repair work to be completed.

The proposed rule seeks to create a permanent program governing the sale of seriously delinquent FHA-insured single-family mortgages and foreclosed home equity conversion mortgages.

HUD’s spring regulatory agenda includes about a dozen FHA-related items in the proposed or final rule planning stage.

FHA plans to retroactively adjust the calculation of debenture interest rates for claims filed on HECMs due or payable since Sept. 19, 2017.

Senate passes the VA Home Loan Awareness Act; USDA updates income limits for home loan programs; the Department of Housing and Urban Development and the Federal Emergency Management Agency announce partnership to address disaster housing recovery challenges.