FHA Confirmed Unique Post-foreclosure Sales Period for Owner-occupant Buyers

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In: Refinance News

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As per the recent Mortgagee Letter, the FHA laid out a selective Post-Foreclosure Sales period for specific owner-occupant buyers, HUD-endorsed Non-profits, and governmental elements.  Albeit the provisions of the Mortgagee Letter might be executed right away, the provisions should beContinue Reading

Changes in FHA Catalyst Appraisal Submission with Regards to Mandatory Use Date - FHA

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In: Mortgage News

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The Federal Housing Administration declared for this present week that moneylenders have an extra year before they should submit evaluations through the FHA Catalyst: EAD Module. Per a mortgagee letter distributed on Tuesday, the cutoff time to locally available forContinue Reading

Loan Limits Increased by FHA

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In: Mortgage News

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The Federal Housing Administration (FHA) has knocked up mortgage cutoff points in 2022. These mortgage cutoff points address the greatest home loan sum for an FHA-safeguarded contract.  As far as possible for FHA-safeguarded contracts shift given metro, with most significantContinue Reading

DACA Recipients Now Have Access To FHA Loans

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In: Mortgage News

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Ben Carson the outgoing Housing and Urban Development Secretary along with Deputy Secretary Brian D Montgomery has decided to allow individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) to qualify for FHA loans. Earlier there was ambiguousContinue Reading