HUD

Financial Assessment is still working. Now in its ninth year, FHA’s policy of requiring the financial assessment (FA) of borrowers’ ability to pay has helped cut tax and … more Financial Assessment Is Working (Part VII)

The Department of Housing and Urban Development announced in the Federal Register this week that it will be selling 1,237 reverse mortgage notes secured by vacant properties with … more HUD Selling Vacant Properties Once Backed by HECMs

The Department of Housing and Urban Development published Mortgagee Letter 2023-09, which implements the Department’s final rule published on March 1 that governs the transition away from the … more HUD Publishes Final Rule On LIBOR Transition

Through its Older Adults Home Modification Program, the Department of Housing and Urban Development awarded $15 million to local non-profits to pay for home modifications and repairs that … more HUD Awards $15M in Grants to Help Older Homeowners Age in Place

NRMLA, with input from the HUD Issues Committee, submitted comments to the Department of Housing and Urban Development that support a draft proposal to allow income from Accessory … more NRMLA Submits Comments in Support of ADU Proposal

The Federal Housing Administration is proposing to allow income from an Accessory Dwelling Unit (ADU) to be used in the assessment of a borrower’s qualifying income for purposes … more FHA Seeks Feedback on Allowing ADU Income to Qualify for HECMs

The Federal Housing Administration has just issued a partial temporary waiver that permits mortgagees to send original hard copies of the Loan Agreement and exhibits directly to Compu-Link, … more HUD Issues Temporary Waiver For Submitting Loan Docs to Compu-Link

Sarah Edelman has joined the Federal Housing Administration as Deputy Assistant Secretary for Single Family Housing after spending the past five years at Fannie Mae as senior director … more Edelman Appointed Single-Family DAS at FHA