The Federal Housing Administration has proposed to update its Defect Taxonomy guidelines to include fraud or material misrepresentation involving a Third-Party Originator (TPO) as a Tier 1 severity … more FHA Seeks Feedback on Updates to Defect Taxonomy
HUD
Recent FDIC Focus on RESPA Sect. 8 Broker-Related Violations
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FHA and GNMA Discuss Priorities and Achievements
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HUD Publishes Updates to HECM Handbook
The Department of Housing and Urban Development published a revised copy of the Single-Family Handbook 4000.1, which includes changes to the HECM section. Here is a link to … more HUD Publishes Updates to HECM Handbook
FHA Updates Unique Entity Identifier Requirements
The Federal Housing Administration updated its Unique Entity Identifier (UEI) policy for FHA-approved mortgagees as well as other entities seeking eligibility to conduct FHA business. Details were provided … more FHA Updates Unique Entity Identifier Requirements
FHA Disallows Lender-Paid IPCs in H4P Transactions
The Federal Housing Administration announced that it will not allow mortgagees and third-party originators (TPO) to make Interested Party Contributions in HECM for Purchase transactions, nor will it … more FHA Disallows Lender-Paid IPCs in H4P Transactions
HUD Announces Next HECM Note Sale
The Department of Housing and Urban Development published a notice in the Federal Register that announced its intention to sell 1,265 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
HUD Solicits Feedback on HECM Application and Origination Documents
The Department of Housing and Urban Development published a notice in the Federal Register seeking feedback on certain documents that must be used in connection with HECM applications … more HUD Solicits Feedback on HECM Application and Origination Documents
Improving FHA’s Condo Forms and Policies
NRMLA, in coordination with the HUD Issues Committee, sent a letter to the Department of Housing and Urban Development that recommended ways to improve FHA’s condominium approval forms … more Improving FHA’s Condo Forms and Policies
FHA Issues FAQ for Branch Registration Requirements
The Federal Housing Administration published Frequently Asked Questions in response to a final rule that updates branch office registration requirements. Details were announced in FHA Info #2024-2. Why … more FHA Issues FAQ for Branch Registration Requirements