The Federal Housing Administration (FHA) announced on Friday that it has updated the Electronic Appraisal Delivery (EAD) module of its Catalyst software platform, following initial agency efforts to require appraisal submissions on... Read more »
The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single Family Drafting Table, which would align mortgage borrowers and originators in their understanding of how much... Read more »
Finance of America Companies (FOA), parent company of industry-leading reverse mortgage lender Finance of America Reverse (FAR), released a new “investor update” this week to update shareholders and other stakeholders on different... Read more »
The Administration for Community Living (ACL), a division of the U.S. Department of Health and Human Services (HHS), announced this week the publication of a final rule that will update regulations for... Read more »
Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took... Read more »
Skanska USA has unveiled new details about its purple office tower proposed in the Arts District of Downtown Los Angeles, among the city’s first office buildings designed for net zero carbon. The... Read more »
The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s CHOICEHome programs.... Read more »
HUD seeks public comment on updates to reverse mortgage documents