Ginnie Mae announced last week that Acting President Sam Valverde will be stepping down effective November 30, 2024. Senior Vice President and Chief Risk Officer Gregory Keith will … more Valverde Resigning as Acting Ginnie Mae President
HUD
Highlights From FHA’s Annual Report to Congress
For a fourth consecutive year, the Home Equity Conversion Mortgage portfolio had a positive economic value. That’s according to the Department of Housing and Urban Development’s 2024 Annual … more Highlights From FHA’s Annual Report to Congress
FHA Issues New Flood Risk Management Standards for New Construction
Under the guidelines published in Mortgagee Letter 2024-20, all newly constructed dwellings located within the 1-percent-annual-chance (100-year) floodplain must be built at least two feet above the base … more FHA Issues New Flood Risk Management Standards for New Construction
HUD Finalizes Debenture Interest Updates
The Federal Housing Administration published updates for the payment of debenture interest on HECM claims and established a process for adjusting debenture interest for claims already filed for loans … more HUD Finalizes Debenture Interest Updates
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 2,700 HECM notes secured by vacant properties with … more HUD Announces Next HECM Note Sale
HUD and GNMA Invited Feedback on Two Critical HECM Issues
Working in coordination with the Servicing Committee and HMBS Issuers Committee, NRMLA submitted two sets of comments, one to the Department of Housing and Urban Development and another … more HUD and GNMA Invited Feedback on Two Critical HECM Issues
HUD Extends Foreclosure Relief to Maui Victims
The Federal Housing Administration extended its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through January 1, 2025. Why it matters: This new extension — … more HUD Extends Foreclosure Relief to Maui Victims
HUD Proposes Updates to Debenture Interest Rates for HECM Claims
The Federal Housing Administration posted a draft Mortgagee Letter on its Drafting Table that proposes updates to HUD’s calculations for the payment of debenture interest on HECM claims. … more HUD Proposes Updates to Debenture Interest Rates for HECM Claims
HUD Proposes New Rules On Delinquent Note Sales
FHA published a proposed rule that seeks public feedback on its delinquent note sale program. What’s next: Public comments must be submitted by September 16, 2024. Why it … more HUD Proposes New Rules On Delinquent Note Sales
FHA Finalizes Changes to Defect Taxonomy
Effective immediately, Mortgagee Letter 2024-14 updates FHA’s Defect Taxonomy guidelines to include fraud or material misrepresentation involving a Third-Party Originator (TPO) as a Tier 1 severity defect. Why … more FHA Finalizes Changes to Defect Taxonomy
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