On February 22, 2023, the U.S. Department of Housing and Urban Development (“HUD”) announced a 30 basis point reduction to the...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
FHA Revises Conflict of Interest and Dual Employment Policies
On December 15, 2022, the FHA issued Mortgagee Letter 2022-22 (the “Mortgagee Letter”) amending FHA’s policies with respect to...
FHA Mortgagee Letter 2022-17 Rental History for First-time Homebuyers
On September 27, 2022, FHA issued the above Mortgages Letter (ML 2022 -17) to provide guidance to lenders regarding the...
Mortgagee Letter 2022-09 Update for COVID-19 Related Economic Event
On July 7, 2022, the Federal Housing Administration (FHA) issued updated Mortgagee Letter 2022-09 (ML 2022-09) that will allow...
FHFA Includes Rental Payment History in Fannie Mae’s Underwriting Process
In an August 11, 2021 News Release, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will consider rental...
FHFA Eliminates Adverse Market Refinance Fee
Allows certain borrowers to save more money when refinancing Washington, D.C. – Today, to help families reduce their housing...
FHA Updates Handbook 4000.1 Section III, Servicing and Loss Mitigation
On April 19, 2021, the Federal Housing Administration (FHA) announced the publication of its update to the Servicing and Loss...
FHA Announces New Single Family Loan Limits for 2021
On December 2, 2020, the Federal Housing Administration (FHA) announced its new schedule of loan limits for calendar year 2021...
Private Flood Insurance for FHA-Insured Mortgages
In the November 23, 2020, issue of the Federal Register (85 FR 74630, click here), HUD published a proposed rule, with a request...
Fair Housing Act Disparate Impact Regulation Revised
Revised 10/28/2020 In the September 24, 2020, issue of the Federal Register (85 FR 60288, click here), the Department of Housing...