Borrower demand for FHA-insured loans was strong in the third quarter due to low interest rates. Not surprisingly, refinance activity, streamline refinancing in particular, provided the boost.
Proposed changes to the Section 502 Direct Home Loan and Grant Program would improve flexibility and make the DHLGP accessible to more low- and very-low-income rural borrowers.
The Office of General Counsel's opinion clarifies the circumstances under which it would reimburse exempt veterans who were improperly charged a funding fee.
Implementing a provision in the Blue Water Navy Vietnam Veterans Act, the guidance would allow a VA fee-panel appraiser to provide property valuation based solely on information provided by an entity with which it has a service agreement.
Alaska, Hawaii, Guam and the U.S. Virgin Islands have a higher ceiling due to above-normal construction costs. In 2020, their ceiling will be at $1.148 million...