HUD: FHA Extends COVID-19 Forbearance Request Timeframe for Single Family Homeowners
Extension through December 31, 2020, ensures homeowners who need assistance can continue to obtain mortgage payment forbearance Today, the Federal Housing Administration (FHA) announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to forbear their mortgage payments for up to six months. Homeowners experiencing…
HUD: FHA Launches FHA Catalyst Electronic Multifamily Application Submission Capabilities
First FHA Catalyst module for Multifamily lenders will eliminate paper-based submissions of FHA insurance applications The Federal Housing Administration (FHA) today announced the availability of the first module on its FHA Catalyst technology platform for Multifamily lenders doing business with FHA. The FHA Catalyst: Multifamily Applications module will allow eligible Multifamily lenders to electronically submit applications for FHA…
HUD: FHA Extends Foreclosure and Eviction Moratorium for Homeowners through Year End
Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery Today, the Federal Housing Administration (FHA) announced the third extension of its foreclosure and eviction moratorium through December 31, 2020, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. This extension provides an additional…
HUD: FHA Launches Technology Module for Single Family Appraisals
New electronic appraisal delivery technology uses cloud-based platform for forward mortgage appraisal submissions The Federal Housing Administration (FHA) today announced the upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. FHA Catalyst: Electronic Appraisal Delivery will allow lenders to electronically submit, track, and manage single family property appraisals. “Transforming FHA technology is the…
HUD: Dana Wade Confirmed as New FHA Commissioner
Wade’s housing expertise includes her previous role as Acting Federal Housing Commissioner and Assistant Secretary for Housing U.S. Department of Housing and Urban Development Secretary Ben Carson today applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s (FHA) Commissioner. FHA currently insures more than 8 million single family mortgages, almost 12,000…
HUD: FHA Proposes Streamlined Single Family Servicing Policies
Proposed overhaul focuses on expediting homeowner assistance and achieving operational efficiencies that reduce the cost of servicing The Federal Housing Administration (FHA) today published proposed revisions to its Single Family servicing policies that are designed to remove unnecessary barriers for homeowners seeking mortgage payment relief, achieve operational consistency with industry standard best practices, and reduce…
HUD: FHA Expands Home Retention Measures for Homeowners Financially Impacted by COVID-19
Streamlined loss mitigation options will help more homeowners avoid foreclosure The Federal Housing Administration (FHA) today announced additional home retention measures to help homeowners with FHA-insured single family mortgages who are financially impacted by the COVID-19 pandemic to bring their mortgage current at the end of their COVID-19 forbearance. Effective immediately, mortgage servicers will be able to…
HUD: Eviction Prevention and Stability Toolkit Released in Latest COVID-19 Response Effort
Toolkit is the most recent effort by the Department to identify individuals who have felt the economic impact of Coronavirus and provide a range of resources to support housing stability U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the “Eviction Prevention and Stability Toolkit” to encourage Public Housing Authorities (PHA)…
HUD: FHA Extends Foreclosure and Eviction Moratorium for Single Family Homeowners for Additional Two Months
Extension Through August 31, 2020, Provides More Security for Homeowners Impacted by the Coronavirus Outbreak Today, the Federal Housing Administration (FHA) announced a two-month extension of its foreclosure and eviction moratorium through August 31, 2020, for homeowners with FHA-insured Single Family mortgages. This extension provides additional security and peace of mind to homeowners that they will not…
HUD: Celebrating National Homeownership Month 2020
President Trump issues Proclamation establishing June as National Homeownership Month This week, the U.S. Department of Housing and Urban Development (HUD) marks the beginning of Homeownership Month 2020 – a time of year when HUD, the Federal Housing Administration (FHA) and others recognize the importance of homeownership and its impact upon the lives of American…