|
|
 |
FHA/HUD/FDIC
The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.
|
Mortgagee Letter 2011-29
For the period October 1, 2011 through December 31, 2011, the loan limit and maximum claim amount for FHA-insured HECMs will remain at $625,500 (150 percent of Federal Home Loan Mortgage Corporation's (Freddie Mac) national conforming limit of $417,000). This maximum FHA loan limit and maximum claim amount of $625,500 is also applicable to special exception areas - Alaska, Hawaii, Guam and the Virgin Islands. . . . keep reading
|
HUD Training November 10
FREE HUD Training November 10th. The training will begin at 9am(Mountain Daylight Savings Time), 10am(Central Time), 11am(Eastern Time), 8am(Pacific Time). THIS TRAINING WILL START PROMPTLY AT THE TOP OF THE HOUR. • Please call-in 15 minutes ahead of start time to ensure we get all attendees on the call prior to the presentation. • The audio portion of this presentation can be accessed by calling (866) 233-3842 and giving ID Code 177370. . . . keep reading
|
New HUD Counseling Protocol
The Department of Housing and Urban Development has revised the Housing Counseling Handbook, 7610.1 REV-5, which was posted to HUDClips on July 13, 2010. . . . keep reading
|
HUD Assumes Control over new SAFE Act
The US Department of Housing and Urban Development published a proposed rule which would set the minimum standards that states must meet to comply with the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act) in licensing both forward and reverse mortgage loan originators... . . . keep reading
|
HUD is Hosting RESPA Webcast Today
The Department of Housing and Urban Development is hosting a webcast titled, Clarifying the New RESPA Rule, today from 1:30 -- 3:30 pm EDT. This webcast applies to both forward and reverse. . . . keep reading
|
New RESPA Rule FAQs
The "New RESPA Rule FAQs" were comprised from industry questions and are posted to facilitate implementation of these new requirements. . . . keep reading
|
HUD Mortgagee letter 2010-07
ML 10-07 updates the following documents Home Equity Conversion Mortgage (HECM) Loan Agreement Revisions to the model HECM Loan Agreement Exhibits Fannie Mae Form 1009.... . . . keep reading
|
HECM Principal Loan Limit (PLF) Factors
HECM Principal Limit Factors (PLF) provide the percent of maximum claim amount allowable in cash draws, given the age of the borrower(s) and "expected" interest rate for the loan. The table provided here gives PLFs for ages 62-99 and interest rates from 3.00 percent to 18.75 percent. . . . keep reading
|
|
|
|
|
1 Minute Marketing Tips
