CFPB Monitor

DECEMBER 1, 2023

The Federal Housing Administration (FHA) recently proposed enhancements to its 203(k) rehabilitation mortgage loan program. FHA will accept feedback on the proposed enhancements, via its Single Family Drafting Table webpage , through January 5, 2024. Continue Reading

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CFPB Monitor

NOVEMBER 22, 2022

Department of Housing Urban Development (HUD) recently issued a final rule permitting the use of private flood insurance policies with FHA-insured mortgage loans. reverse mortgage loans), and private flood insurance requirements. reverse mortgage loans), and private flood insurance requirements.

Policies 148

Policies Meeting Exercises Regulation 148

CFPB Monitor

NOVEMBER 18, 2020

Department of Housing Urban Development (HUD) announced a proposed rule to permit the use of private flood insurance policies with FHA mortgage loans. The proposed rule would apply to Title I manufactured home loans, Title II single-family home loans, and home equity conversion mortgage loans (i.e.,

Policies 78

Policies Meeting Exercises Regulation 78

Jeff For Banks

APRIL 6, 2021

Note that the study was limited to Federal Housing Administration (FHA) loans. For the uninitiated, an FHA loan is government-backed mortgage insured by the FHA. Jumbo mortgages are typically for larger homes for wealthier and more credit-established families.

Regulation 78

Regulation Philadelphia Study Lending 78

CFPB Monitor

MARCH 17, 2020

In January 2020 the Federal Housing Finance Agency (FHFA) published a request for input on Property Assessed Clean Energy (PACE) transactions involving residential property. FHFA also notes that the Federal Housing Administration (FHA) will not insure loans on homes that are subject to a lien in connection with a PACE transaction.

Industry 78

Industry Missouri Groups Florida 78

MyBankTracker

JUNE 13, 2020

Some people will get a mortgage to buy a fixer-upper, and then pay for the home’s repairs and renovations over time, either out-of-pocket or with credit. But what if you prefer a single loan for your project? If so, an FHA 203(k) loan might be exactly what you’re looking for. What Is an FHA 203(k) Loan?

Lending 52

Lending Guidelines Cards Policies 52

CFPB Monitor

APRIL 22, 2019

Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by government entities to be used in connection with Federal Housing Administration (FHA) insured mortgage loans.

Handbook 68

Handbook Payments National Operations 68