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
Daily Real-estate News
FHA Moves to Include On-Time Rental Payments for First-Time Buyers
The Federal Housing Administration published a letter to lenders on Tuesday urging them to consider including a borrower’s positive rental payment history when applying for FHA-insured financing. The move is believed to be a boost […]
Housing Wire
CHLA urges FHA’s equal treatment of homebuyers despite commission status
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether […]
Weely Real Estate News
FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
The Federal Housing Administration (FHA) has increased the allowable property inspection fee limits for property inspections of single-family homes associated with defaulted FHA-insured mortgages. The inspections are used in a servicer’s preservation and protection of […]