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FHA Eases Requirements for HECM Claim Payments

In an effort to streamline ... the FHA can achieve more timely claims payments to the servicers. “Streamlining the HECM claim payment process makes us more responsive to participating lenders and help... read more

FHA Issues New Requirements

In a move to streamline and speed up the payment process for home equity conversion mortgage (HECM ... Brian Montgomery. The FHA said that its new claims payment requirements would ensure that lenders ... read more

FHA Revises HECM Servicing Requirements

The Federal Housing Administration (FHA) has revised requirements for ... “Streamlining the HECM claim payment process makes us more responsive to participating lenders and helps continue our effort t... read more

Federal Housing Administration (FHA) Section 232 Healthcare Mortgage Insurance Program: Partial Payment of Claims

SUMMARY: This rule amends the regulations governing FHA's Section ... state licensing requirements. END FOOTNOTE One process well-established and long used in HUD's multifamily housing programs is acc... read more

FHA Announces New Loan Limits to Take Affect January 1

Borrowers with existing FHA insured mortgages may continue to utilize FHA’s Streamline refinance program regardless of their ... known as the Home Equity Conversion Mortgage (HECM), will continue to h... read more

FHA Program Status, Evolution, Updates, and Lender Changes

Effective immediately, for all partial claim ... FHA and VA products for Veterans and eligible Borrowers with FICOs from 500 - 549 or with no FICOs scenarios. Similar to the standard FHA and VA progra... read more

HUD Mortgage Foreclosure Programs

HUD insures loans with its Federal Housing Administration programs and helps borrowers ... the ability to meet the requirements of the new payment plan, HUD says. FHA-insured loans have the benefit of ... read more

Ocwen Financial: Detailed History, Valuation, And The Road To Profitability

Ocwen will earn $1/sh 2017 EPS and the share price will rise to $6.75 There is an FHA private label ... Home Affordable Program (MHA) report states that in the second quarter, Ocwen Financial was resp... read more

Celink to Pay $4.25 Million to Settle Federal HECM Lawsuit

The release details the allegations made by the United States by saying that Celink allegedly obtained insurance payments for ... to adhere to FHA requirements that are designed to ensure the continue... read more

Production Jobs; FHA Streamline Issues; MERS Victory; More on NMLS training; Investors Suspending Programs & Limiting AMC's

In the bulletin Bank of America also tweaked its FHA Streamline Refinance underwriting: "At time of application, at least 12 full months must have passed since the first payment due date ... future ch... read more

FHA's 2014 Loan Limits to Change in Nearly 650 U.S. Counties

Borrowers with existing FHA insured mortgages may continue to utilize FHA’s Streamline refinance program regardless of their ... known as the Home Equity Conversion Mortgage (HECM), will continue to h... read more

FHA Publishes Responses to Comments on Rule Delaying Foreclosure on Non-Borrowing Spouses

The Federal Housing Administration (FHA) responded in the Federal Register on Wednesday to comments on the alternative path to claim payment ... requirements for surviving non-borrowing spouses (or an... read more