#fha

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MMI Fund capital reserve is now 5X larger than required

The FHA's Mutual Mortgage Insurance Fund achieved a robust financial year with a capital reserve ratio of 11.47%.
The percentage of first-time homebuyers using FHA insurance remained consistent, reflecting strong support despite market challenges.
#reverse-mortgage

2024 MMI report: HECM remains in the black

The FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.

Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm

HECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.
Positive interest rates and FHA case number assignments are boosting industry performance.

2024 MMI report: HECM remains in the black

The FHA's reverse mortgage program has maintained a positive capital ratio for four consecutive years, showing improved financial stability.

Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm

HECM endorsements rose by 11.1% in October, signaling optimism in the reverse mortgage market.
Positive interest rates and FHA case number assignments are boosting industry performance.
morereverse-mortgage
#cybersecurity

NRMLA asks HUD to extend reporting timetable for cybersecurity incidents

NRMLA is advocating for HUD to align its cybersecurity reporting requirements with those of Ginnie Mae, ideally extending the notification period for incidents.

FHA reports that all tech outage issues have been resolved

The Federal Housing Administration (FHA) computer systems, including FHA Connection, have been restored following a global tech outage on Friday.

NRMLA asks HUD to extend reporting timetable for cybersecurity incidents

NRMLA is advocating for HUD to align its cybersecurity reporting requirements with those of Ginnie Mae, ideally extending the notification period for incidents.

FHA reports that all tech outage issues have been resolved

The Federal Housing Administration (FHA) computer systems, including FHA Connection, have been restored following a global tech outage on Friday.
morecybersecurity
#disaster-recovery

FHA responds to Helene, Milton by issuing temporary waivers to rehab loan program

FHA has temporarily waived the 15-day occupancy requirement for 203(k) mortgages in response to hurricanes Helene and Milton.

FHA reiterates loss-mitigation options as Helene devastation continues

FHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.

FHA responds to Helene, Milton by issuing temporary waivers to rehab loan program

FHA has temporarily waived the 15-day occupancy requirement for 203(k) mortgages in response to hurricanes Helene and Milton.

FHA reiterates loss-mitigation options as Helene devastation continues

FHA reinforces loss-mitigation options for mortgage lenders and borrowers in major disaster areas.
moredisaster-recovery
#hecm

Federal housing leaders speak to the need for more reverse mortgage understanding

The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.

FHA finalizes updates to reverse mortgage debenture interest rates

The FHA's ML 2024-18 updates interest rates for HECM claims and introduces a process for adjusting debenture interest payments.

Sam Valverde on Ginnie Mae's reverse activity and HMBS 2.0

Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.

Federal housing leaders speak to the need for more reverse mortgage understanding

The complex nature of reverse mortgages necessitates thorough counseling for borrowers and advisers, especially in changing interest rate environments.

FHA finalizes updates to reverse mortgage debenture interest rates

The FHA's ML 2024-18 updates interest rates for HECM claims and introduces a process for adjusting debenture interest payments.

Sam Valverde on Ginnie Mae's reverse activity and HMBS 2.0

Ginnie Mae is developing HMBS 2.0 to enhance liquidity for FHA's HECM program, following past lender collapses.
morehecm
#housing-policy

FHA announces updates to Catalyst software's appraisal module

FHA updated its Catalyst EAD module to improve appraisal processing, moving away from outdated systems, indicating a focus on modernization.

FHA's Julia Gordon reflects on housing successes, challenges at reverse mortgage conference

FHA Commissioner Julia Gordon highlighted the release of the updated HUD Handbook as a major achievement in enhancing the HECM program's consistency and quality.

FHA updates portal to accommodate expansion of 203(k) loan program

FHA updates the 203(k) program to incorporate wider financing options and increase rehabilitation cost limits for improved home renovation accessibility.

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.

FHA announces updates to Catalyst software's appraisal module

FHA updated its Catalyst EAD module to improve appraisal processing, moving away from outdated systems, indicating a focus on modernization.

FHA's Julia Gordon reflects on housing successes, challenges at reverse mortgage conference

FHA Commissioner Julia Gordon highlighted the release of the updated HUD Handbook as a major achievement in enhancing the HECM program's consistency and quality.

FHA updates portal to accommodate expansion of 203(k) loan program

FHA updates the 203(k) program to incorporate wider financing options and increase rehabilitation cost limits for improved home renovation accessibility.

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
morehousing-policy

DOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegations

DOJ secures $2.4 million settlement from Nutter Home Loans for underwriting ineligible reverse mortgages, aiming to protect FHA insurance integrity.

Three yards and a cloud of dust

Legislative proposals for housing affordability face challenges in Congress, with incremental steps by federal agencies proving more effective.

Amid global tech outage, HUD reports FHA Connection issues

FHA Connection portal experienced outages due to a global tech outage affecting major U.S. tech providers.
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