FHA Webinar Qualified Mortgages
FHA INFO 13-80 announced that FHA will host a Webinar overview briefing session on December 18, 2013 at 1:00pm ET to review with FHA stakeholders the details of HUD’s Qualified Mortgage Final Rule. Register Now for the Qualified Mortgage Overview.
Manual Underwriting: Final Rule
On July 15, HUD sought comment on three initiatives that would contribute to the restoration of the MMI Fund capital reserves. This final rule provides more definitive underwriting standards for manually underwritten loans. Read the entire announcement.
Qualified Mortgages: Final Rule
On December 11, a final rule provided the definition of a ‘Qualified Mortgage’ as administered by HUD. This rule will be effective with case numbers assigned on or after January 10, 2014. Read the entire announcement.
FHA Maximum Mortgage Limits 2014
On Dec. 6, FHA published Mortgagee Letter 2013-43, which announced that on January 1, 2014, FHA will implement new SF loan limits for Title II Forward Mortgages as detailed in the Housing and Economic Recovery Act of 2008 (HERA). Read the entire announcement.