#fha

#fha

The NRMLA Annual Meeting showcased significant government involvement in reverse mortgage discussions, highlighting the U.S. approach to regulatory engagement.

HUD oversees a $73 billion budget and plays a crucial role in addressing housing affordability and homelessness in America.

Speculation about large staff reductions at FHA amidst improvements in its financial health has sparked concern

HUD denies reports of severe cuts to FHA's workforce, leaving uncertainty about layoffs.

FHA establishes a permanent program for selling seriously delinquent FHA-insured mortgages to enhance recoveries and support the Mutual Mortgage Insurance Fund.

FHA requires lenders to report cybersecurity breaches within 36 hours of detection, an extension from the previous 12-hour requirement.

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

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.

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

The Mortgage Insurance Freedom Act aims to alleviate FHA borrowers' mortgage insurance costs at 78% LTV, enhancing affordability and equity accumulation.

The Mortgage Insurance Freedom Act aims to relieve financial burdens for first-time homeowners by allowing FHA borrowers to cancel mortgage insurance premiums.

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.

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

The HECM program shows strong performance despite challenges, thanks to strategic changes and home-price appreciation.

Higher funding for FHA and Ginnie Mae is crucial for supporting homebuyers, especially first-time buyers, in today's challenging housing market.

The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

FHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.

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

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.

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

FHA has extended the foreclosure moratorium for hurricane victims to aid recovery efforts, reflecting increased support during extreme weather events.

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

The FHA facilitates remote communication between lenders and defaulting borrowers through its new mortgage guidance, acknowledging the effectiveness of virtual methods introduced during the pandemic.

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

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

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

The Department of Housing and Urban Development operates efficiently and benefits taxpayers without direct funding, primarily through borrower premiums.

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