The SCIF will be required for loan applications dated on or after Aug. 28.
The post FHA Requires Lenders to Start Using SCIF appeared first on Weekly Real Estate News.
FHA Requires Lenders to Start Using SCIF
Housing Wire
CBC Mortgage Agency offers temporary rate buydowns on FHA loans
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the […]
Housing Wire
FHA Commissioner Julia Gordon talks MIP cut
More than two years after mortgage industry trade groups began openly calling on the Federal Housing Administration (FHA) to cut annual premiums on mortgages the agency insures, the Biden administration and the FHA have done […]
Housing Wire
FHA publishes final rule on the 40-year loan modification
The Federal Housing Administration (FHA) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows mortgagees to increase the maximum […]