FHA

HUD: FHA Seeks Input to Enhance Financing for Homes in Need of Rehabilitation

Request for Information published today seeks industry input on ways to enhance FHA’s 203(k) Rehabilitation Mortgage Insurance Program to support housing supply and affordability. Today, the Federal Housing Administration (FHA) published a Request for Information in the Federal Register seeking public comments on ways it can enhance its Single Family 203(k) Rehabilitation Mortgage Insurance Program. The 203(k)…

HUD: Major Milestone Achieved in Assisting Nearly 2 Million Homeowners Stay in Their Homes

FHA foreclosure avoidance options have been expanded and extended Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that, thanks to Federal Housing Administration (FHA) programs, approximately 2 million homeowners with FHA mortgages were able to stay in their homes from the beginning of the COVID-19 pandemic in March…

HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors

Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support the preservation and renovation of…

HUD: FHA Assistance Options Expanded for Borrowers Struggling to Make Mortgage Payments

Updated loss mitigation options will help borrowers struggling with their mortgage payments to avoid foreclosure. Today, the Federal Housing Administration (FHA) is announcing that it is expanding and enhancing its set of loss mitigation options used to help borrowers struggling to make mortgage payments on their FHA-insured mortgages. The enhancements extend FHA’s highly effective COVID-19 loss mitigation…

HUD: Step Announced Towards Addressing Bias in the Home Appraisal Process for People Seeking FHA Financing

A preview of the policy update is available for public feedback on FHA’s Drafting Table web page Today, at an event at the Brookings Institute, HUD Secretary Marcia L. Fudge announced that HUD, through the Federal Housing Administration, is creating a process that people seeking FHA financing can use to request a review of their appraisal…

HUD: 2022 Year in Review

This year, Secretary Marcia L. Fudge led the U.S. Department of Housing and Urban Development (HUD) to bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities, including easing the burden of housing costs, removing barriers to homeownership, expanding…

HUD: FHA Announces New Assistance Option to Help Senior Homeowners with Reverse Mortgages Impacted by COVID-19

New COVID-19 Home Equity Conversion Mortgage Property Charge Repayment Plan allows servicers to offer homeowners up to five years to repay past-due property charges. Today, the Federal Housing Administration (FHA) is announcing new flexibilities to help senior homeowners with FHA-insured Home Equity Conversion Mortgages (HECMs) who are behind on required property charge payments due to effects of…

HUD: New FHA Single Family Title II Forward and Home Equity Conversion Mortgage Loan Limits for 2023 Announced

Today, the Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year due to house price appreciation during the first half of 2022, which is factored into the…

HUD: Flood Insurance Options Increased for Homeowners with FHA Mortgages Living in Special Flood Areas

Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to…

HUD: FHA Annual Report Showcases Continued Leadership Efforts in Affordable Housing Financing

Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners, and addressing housing supply and affordability. The Federal Housing Administration (FHA) today released its Annual Report to Congress on the financial status of its Mutual Mortgage Insurance Fund (MMI Fund), which is…