The Federal Housing Administration announced that it has implemented its Electronic Appraisal Delivery (EAD) Portal for FHA-insured single family mortgages.
FHA will not extend the temporary waiver of FHA's regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
After December 31, investors will once again have to own a property for at least 90 days before reselling it at a higher price if they use agency financing.
FHA has announced that borrowers who prepay their FHA-insured mortgages will not have to make interest payments beyond the date their mortgage is paid in full.
Two Mortgagee Letters on Home Equity Conversion from the FHA address (1) the prohibition of misleading or deceptive advertising and (2) insurance on fixed interest rate reverse mortgages.
Upcoming FHA Rule on Transfer Fees Could Squeeze Homebuyers &...
A forthcoming FHA rule has the very real possibility of making mortgage financing more expensive (maybe even impossible) for large numbers of buyers and sellers around San Mateo County and the whole country.