FHA

The Federal Housing Administration (FHA) will reduce single-family loan limits in the highest cost metropolitan areas of the country on October 1. FHA announced the change in Mortgagee Letter 11-170, which it issued on August 19.

“These...

The Federal Housing Administration’s Mortgagee Review Board (MRB) announced 240 administrative actions against FHA-approved lenders that failed to meet its requirements. MRB sanctions against lenders include reprimands, probations, suspensions,...

The U.S. Department of Housing and Urban Development (HUD) announced a settlement agreement on June 1 with Cornerstone Mortgage Company. HUD accused Cornerstone, a national mortgage lender based in Houston, of engaging in discriminatory lending...

In a passing remark on the Senate floor, Senator Dodd acknowledged what everyone already knew -- the bill that eventually was named for him had opened some serious fissures in the banking industry.

Tougher rules require more capital for FHA lenders.

Help is available before the homeowner defaults.

HUD is looking for lenders with high default rates.

The FHA is adopting policy changes to strengthen its capital reserves while still enabling the agency to fulfill its mission.

The FHA announced a big crack down on any wrongdoing it might find among the lenders it deals with.

Proposed regs would crack down hard on FHA-approved lenders.

FHA reserves fall below — way below — the statutory minimum.

The FHA will allow homebuyers to apply the new $8,000 first-time homebuyer tax credit toward the purchase costs of an FHA-insured home.

Federal Housing Administration lending is reclaiming center stage in the residential mortgage market.

Congress is considering legislation to greatly expand the FHA’s role in the foreclosure crisis. But the agency isn’t waiting, it’s using the authority it already has to move forward on several fronts.

The House Financial Services Committee approved the FHA Housing Stabilization and Homeownership Retention Act.

Congress is counting on the FHA to take on a lot more work as part of an expected mortgage relief program. But is the agency up to the task?

In a dash to go home for the holidays, the Senate approve FHA reform. (The House had already approved a different version of the bill.) Both houses of Congress OKed tax help for distressed mortgage borrowers. Legislation to raise the ceiling on...

The House approved a bill to modernize the FHA and return it to its traditional role as an important financing option in today’s housing market.

The $41 million settlement against ABN AMRO Mortgage Group is the largest enforcement action in the Fair Housing Administration’s history.

HUD will increase incentive payments to lenders who use mortgage modification and partial-claim tools under the department’s loss mitigation program.